Bill > S616

This bill amends the federal charter for the Foundation of the Federal Bar Association (FBA) to modify several key aspects of the organization's structure and operations. The bill changes membership eligibility by allowing the organization's bylaws to determine membership rights and privileges, instead of specifying them in the law. It revises the governing body provisions to give the board of directors more flexibility in managing the organization, with board powers and officer elections to be defined in the bylaws. The bill maintains strict restrictions on the organization, including prohibitions on issuing stock, paying dividends, engaging in political activities, or attempting to influence legislation. The FBA is also prevented from distributing income to directors, officers, or members, though it can pay reasonable compensation and reimburse expenses. The bill allows the organization to choose its principal office location, rather than being limited to the District of Columbia, and requires compliance with the service of process laws of its incorporation state. In the event of dissolution, the bill provides that remaining assets will be distributed according to the board's decisions and the organization's charter and bylaws. The legislation aims to provide the Foundation of the Federal Bar Association with more operational flexibility while maintaining its non-profit and non-political character.

Justice

https://www.congress.gov/bill/119th-congress/senate-bill/616/all-info