S 616 - 119Became Public Law No: 119-57.
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text (d) Loans The corporation may not make a loan to a director, officer, memb
453052A7" commented="no" display-inline="no-display-inline" (d) Loans The corporation may not make a loan to a director, officer, memb
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Foundation of the Federal Bar Association Charter Amendments Act of 2025 This act revises the federal charter for the Foundation of the Federal Bar Association to shift authority from the charter to the bylaws. Specifically, it makes the following changes: removes the requirement for the foundation to be incorporated and domiciled in the District of Columbia; requires the board of directors to decide, and specify in the bylaws, the location of the principal office; specifies that the bylaws—not the charter—must provide for the terms of membership, the responsibilities of the board of directors, and the election of officers; prohibits a director or officer, in his or her corporate capacity, from contributing to, supporting, or participating in political activities; allows income and assets of the corporation to be used to reasonably compensate or reimburse expenses of an officer, director, or member; to award a grant to the Federal Bar Association chapter of an officer, director, or member; and to reasonably compensate employees; expands a prohibition on loans for directors and officers to include members and employees; and specifies that on dissolution or final liquidation, any remaining assets must be distributed as provided by the board of directors instead of deposited in the Treasury.
Foundation of the Federal Bar Association Charter Amendments Act of 2025 This bill revises the federal charter for the Foundation of the Federal Bar Association to shift authority from the charter to the bylaws. Specifically, it makes the following changes: removes the requirement for the foundation to be incorporated and domiciled in the District of Columbia; requires the board of directors to decide, and specify in the bylaws, the location of the principal office; specifies that the bylaws—not the charter—must provide for the terms of membership, the responsibilities of the board of directors, and the election of officers; prohibits a director or officer, in his or her corporate capacity, from contributing to, supporting, or participating in political activities; allows income and assets of the corporation to be used to reasonably compensate or reimburse expenses of an officer, director, or member; to award a grant to the Federal Bar Association chapter of an officer, director, or member; and to reasonably compensate employees; expands a prohibition on loans for directors and officers to include members and employees; and specifies that on dissolution or final liquidation, any remaining assets must be distributed as provided by the board of directors instead of deposited in the Treasury.
![Sen. Kennedy, John [R-LA]](https://www.congress.gov/img/member/k000393_200.jpg)
Signed by President.
Signed by President.
Became Public Law No: 119-57.
Became Public Law No: 119-57.
Presented to President.
Presented to President.
Mr. McClintock moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H4928-4929)
DEBATE - The House proceeded with forty minutes of debate on S. 616.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4928)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4928)
Motion to reconsider laid on the table Agreed to without objection.
Received in the House.
Held at the desk.
Message on Senate action sent to the House.
Senate Committee on the Judiciary discharged by Unanimous Consent.
Senate Committee on the Judiciary discharged by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S2709-2710; text: CR S2709-2710)
Introduced in Senate
Read twice and referred to the Committee on the Judiciary.