,,iib #aafth ,,congress #ast ,session ,h4 ,r4 #affc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #ad1 #bjai,received2 read twice and referred to the ,committee on the ,judiciary ,,an ,,act ,to amend title #cf1 ,united ,states ,code1 to revise the ,federal charter for the ,foundation of the ,federal ,bar ,association4 #a4 ,short title ,this ,act may be cited as the ,foundation of the ,federal ,bar ,association ,charter ,amendments ,act of #bjai4 #b4 ,organization ,section #gjeja of title #cf1 ,united ,states ,code1 is amended by striking subsection 7b7 and redesignating subsection 7c7 as subsection 7b74 #c4 ,membership ,section #gjejc of title #cf1 ,united ,states ,code1 is amended-- 7#a7 by striking subsections 7a7 and 7b7 and inserting the following3 7a7 ,eligibility ,except as provided in this chapter1 eligibility for membership in the corporation and the rights and privileges of members are as provided in the bylaws4 2 and 7#b7 by redesignating subsection 7c7 as subsection 7b74 #d4 ,governing body ,section #gjejd of title #cf1 ,united ,states ,code1 is amended to read as follows3 #gjejd4 ,governing body 7a7 ,board of directors ,the board of directors is the governing body of the corporation4 ,the board may exercise1 or provide for the exercise of1 the powers of the corporation4 ,the board of directors and the responsibilities of the board are as provided in the bylaws4 7b7 ,officers ,the officers and the election of the officers are as provided for in the bylaws4 4 #e4 ,restrictions ,section #gjejg of title #cf1 ,united ,states ,code1 is amended to read as follows3 #gjejg4 ,restrictions 7a7 ,stock and dividends ,the corporation may not issue stock or declare or pay a dividend4 7b7 ,political activities ,the corporation or a director or officer in his or her corporate capacity may not contribute to1 support1 or participate in any political activity or in any manner attempt to influence legislation4 7c7 ,distribution of income or assets ,the income or assets of the corporation may not inure to the benefit of1 or be distributed to1 a director1 officer1 or member during the life of the charter granted by this chapter4 ,this subsection does not prevent the payment1 in amounts approved by the board of directors1 of-- 7#a7 reasonable compensation2 or 7#b7 reimbursement for expenses incurred in undertaking the corporation's business1 to officers1 directors1 or members4 ,this subsection does not prevent the award of a grant to a ,federal ,bar ,association chapter of which an officer1 director1 or member may be a member4 ,this subsection also does not prevent the payment of reasonable compensation to the corporation's employees for services undertaken on behalf of the corporation4 7d7 ,loans ,the corporation may not make a loan to a director1 officer1 member1 or employee4 7e7 ,immunity from liability ,members and private individuals are not liable for the obligations of the corporation4 7f7 ,claim of governmental approval or authority ,the corporation may not claim congressional approval or the authority of the ,united ,states ,government for any of its activities2 it may1 however1 acknowledge this charter4 4 #f4 ,principal office ,section #gjejh of title #cf1 ,united ,states ,code1 is amended by striking the ,district of ,columbia1 and inserting a ,united ,states location decided by the board of directors and specified in the bylaws14 #g4 ,service of process ,section #gjeaj of title #cf1 ,united ,states ,code1 is amended to read as follows3 #gjeaj4 ,service of process ,the corporation shall comply with the law on service of process of the ,state or ,district in which it is incorporated4 4 #h4 ,deposit of assets on dissolution or final liquidation ,section #gjeab of title #cf1 ,united ,states ,code1 is amended to read as follows3 #gjeab4 ,deposit of assets on dissolution or final liquidation ,on dissolution or final liquidation of the corporation1 any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of directors1 but in compliance with the charter and bylaws4 4 ,passed the ,house of ,representatives ,november #ac1 #bjai4;,cheryl ,l4 ,johnson1,clerk4