,,ii #aaith ,,congress #ast ,session ,s4 #bdgi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bh1 #bjbe,mrs4 ,blackburn 7for herself and ,mr4 ,blumenthal7 introduced the following bill2 which was read twice and referred to the ,committee on the ,judiciary ,a ,,bill ,to amend the charter of the ,reserve ,organization of the ,united ,states1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,reserve ,organization of ,america ,charter ,amendments ,act of #bjbe4 #b4 ,amendments to charter of ,reserve ,organization of the ,united ,states 7a7 ,in general ,title #cf of the ,united ,states ,code is amended by amending chapter #aija to read as follows3 #aija ,reserve ,organization of ,america #aijaja4 ,organization 7a7 ,federal charter ,reserve ,organization of ,america 7referred to in this chapter as the corporation7 is a federally chartered corporation4 7b7 ,perpetual existence ,except as otherwise provided1 the corporation has perpetual existence4 #aijajb4 ,purposes ,the purposes of the corporation are to support and promote the development and execution of a military policy for the ,united ,states that will provide adequate national security4 #aijajc4 ,membership ,eligibility for membership in the corporation is as provided in the constitution and bylaws of the corporation4 #aijajd4 ,governing body 7a7 ,annual meeting ,the corporation shall hold an annual meeting4 7b7 ,governing body ,the governing body is as defined in the constitution of the corporation4 #aijaje4 ,powers ,the corporation may do any lawful act necessary and proper to carry out the purposes of the corporation4 #aijajf4 ,exclusive right to name1 seals1 emblems1 and badges ,the corporation and its subordinate entities have the exclusive right to use the name ,reserve ,organization of ,america and seals1 emblems1 and badges the corporation adopts4 #aijajg4 ,restrictions 7a7 ,profit ,the corporation may not engage in business for profit4 7b7 ,stock ,the corporation may not issue stock4 7c7 ,political activities ,neither the corporation1 nor any of its members' acting on its behalf1 may contribute to support or assist a political party or candidate for public office4 7d7 ,distribution of income or assets ,the income or assets of the corporation may not inure to the benefit of or be distributed to any of its members4 7e7 ,loans ,the corporation may not make a loan or advance to an officer or member of the governing body4 ,members of the governing body who vote for or assent to making a loan or advance to an officer and officers who participate in making the loan or advance1 are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid4 #aijajh4 ,headquarters ,the headquarters of the corporation shall be in such place as determined by the governing body4 #aijaji4 ,records and inspection 7a7 ,records ,the corporation shall keep-- 7#a7 correct and complete records of account2 7#b7 minutes of the proceedings of the governing body and formal meetings of the members1 including any annual meeting2 and 7#c7 at its principal office1 a record of the names and addresses of its members4 7b7 ,inspection ,a member entitled to vote or an agent or attorney of the member1 may inspect the records of the corporation for any proper purpose1 at any reasonable time1 and upon reasonable notice4 #aijaaj4 ,service of process ,the corporation shall have a registered agent in the ,district of ,columbia to receive service of process for the corporation4 ,notice to or service on the agent is notice to or service on the corporation4 #aijaaa4 ,liability for acts of officers and agents ,the corporation is liable for the acts of its officers and agents acting within the scope of their authority4 4 7b7 ,clerical amendment ,the chapter analysis for title #cf1 ,united ,states ,code1 is amended1 in the item relating to chapter #aija1 by striking ,reserve ,officers ,association of the ,united ,states and inserting ,reserve ,organization of ,america4 7c7 ,references ,any reference in a law1 map1 regulation1 document1 paper1 or other record of the ,united ,states to ,reserve ,officers ,association of the ,united ,states shall be deemed to be a reference to the ,reserve ,organization of ,america4