SECTION 1. CHARTER FOR PULASKI CADETS, LTD.

    Part B of subtitle II of title 36, United States Code, is amended--
            (1) by striking the following:

                     ``CHAPTER 2501--[RESERVED]'';

        and
            (2) by inserting the following:

                  ``CHAPTER 2501--PULASKI CADETS, LTD.

``Sec.
``250101. Organization.
``250102. Purposes.
``250103. Membership.
``250104. Governing body.
``250105. Powers.
``250106. Exclusive right to name, seals, emblems, and badges.
``250107. Restrictions.
``250108. Duty to maintain tax-exempt status.
``250109. Principal office.
``250110. Records and inspection.
``250111. Service of process.
``250112. Liability for acts of officers and agents.
``250113. Annual report.
``Sec. 250101. Organization
    ``(a) Federal Charter.--The Pulaski Cadets, Ltd. (in this chapter, 
the `corporation'), incorporated in New York, is a federally chartered 
corporation.
    ``(b) Expiration of Charter.--If the corporation does not comply 
with any provision of this chapter, the charter granted by this chapter 
expires.
``Sec. 250102. Purposes
    ``The purposes of the corporation are as provided in the articles 
of incorporation and include--
            ``(1) to perpetuate the history of General Kazimierz 
        Pulaski and military personnel of Polish origin with other 
        nationals who served with the Continental Army of America in 
        the war of our Independence;
            ``(2) to promote Americanism, patriotism, and establish a 
        military unit to encourage willingness to serve and defend 
        these United States of America; and
            ``(3) to maintain a nonbiased military and social structure 
        to assist and prepare all members eligible for basic military 
        training for the purpose of enlisting in all branches and 
        components of the United States Military Services.
``Sec. 250103. Membership
    ``Eligibility for membership in the corporation and the rights and 
privileges of membership are as provided in the bylaws.
``Sec. 250104. Governing body
    ``(a) Board of Directors.--The board of directors and the 
responsibilities of the board are as provided in the articles of 
incorporation.
    ``(b) Officers.--The officers and the election of officers are as 
provided in the articles of incorporation.
``Sec. 250105. Powers
    ``The corporation shall have only the powers provided in its bylaws 
and articles of incorporation filed in each State in which it is 
incorporated.
``Sec. 250106. Exclusive right to name, seals, emblems, and badges
    ``The corporation has the exclusive right to use the names `Pulaski 
Cadets, Ltd.' and `Pulaski Cadets' and any seals, emblems, and badges 
relating thereto that the corporation adopts.
``Sec. 250107. Restrictions
    ``(a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    ``(b) Political Activities.--The corporation or a director or 
officer as such may not contribute to, support, or participate in any 
political activity or in any manner attempt to influence legislation.
    ``(c) Distribution of Income or Assets.--The income or assets of 
the corporation may not inure to the benefit of, or be distributed to, 
a director, officer, or member during the life of the charter granted 
by this chapter. This subsection does not prevent the payment of 
reasonable compensation to an officer or member in an amount approved 
by the board of directors.
    ``(d) Loans.--The corporation may not make any loan to a director, 
officer, or employee.
    ``(e) Claim of Governmental Approval or Authorization.--The 
corporation may not claim congressional approval or the authority of 
the United States Government for any of its activities.
``Sec. 250108. Duty to maintain tax-exempt status
    ``The corporation shall maintain its status as an organization 
exempt from taxation under the Internal Revenue Code of 1986 (26 U.S.C. 
1 et seq.).
``Sec. 250109. Principal office
    ``The principal office of the corporation shall be in the State of 
New Jersey, or another place decided by the board of directors.
``Sec. 250110. Records and inspection
    ``(a) Records.--The corporation shall keep--
            ``(1) correct and complete books and records of account;
            ``(2) minutes of the proceedings of its members, board of 
        directors, and committees having any of the authority of its 
        board of directors; and
            ``(3) at its principal office, a record of the names and 
        addresses of its members entitled to vote.
    ``(b) Inspection.--A member entitled to vote, or an agent or 
attorney of the member, may inspect the records of the corporation for 
any proper purpose, at any reasonable time.
``Sec. 250111. Service of process
    ``The corporation shall comply with the law on service of process 
of each State in which it is incorporated and each State in which it 
carries on activities.
``Sec. 250112. 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 authority.
``Sec. 250113. Annual report
    ``The corporation shall submit an annual report to Congress on the 
activities of the corporation during the prior fiscal year. The report 
shall be submitted at the same time as the report of the audit required 
by section 10101 of this title. The report shall not be printed as a 
public document.''.

SEC. 2. CLERICAL AMENDMENT.

    The table of chapters at the beginning of subtitle II of title 36, 
United States Code, is amended by striking the item relating to chapter 
2501 and inserting the following new item:

    ``2501. Pulaski Cadets, Ltd...................            250101''.
Grants a Federal charter to the Pulaski Cadets, Ltd. (a nonprofit corporation organized under the laws of the State of New York).
A bill to amend title 36, United States Code, to grant a Federal charter to the Pulaski Cadets, Ltd.