II

104TH CONGRESS

1ST SESSION S. 76

To recognize the organization known as the National Academies of Practice,

and for other purposes.

IN THE SENATE OF THE UNITED STATES

JANUARY 4, 1995

Mr. INOUYE introduced the following bill; which was read twice and referred

to the Committee on the Judiciary

A BILL

To recognize the organization known as the National

Academies of Practice, and for other purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. CHARTER.

4 The National Academies of Practice organized and

5 incorporated under the laws of the District of Columbia,

6 is hereby recognized as such and is granted a Federal

7 charter.

8 SEC. 2. CORPORATE POWERS.

9 The National Academies of Practice (hereafter re10 ferred to in this Act as the ‘‘corporation’’) shall have only
2

•S 76 IS

1 those powers granted to it through its bylaws and articles

2 of incorporation filed in the State in which it is incor3 porated and subject to the laws of such State.

4 SEC. 3. PURPOSES OF CORPORATION.

5 The purposes of the corporation shall be to honor per6 sons who have made significant contributions to the prac7 tice of applied psychology, dentistry, medicine, nursing,

8 optometry, osteopathy, podiatry, social work, veterinary

9 medicine, and other health care professions, and to im10 prove the practices in such professions by disseminating

11 information about new techniques and procedures.

12 SEC. 4. SERVICE OF PROCESS.

13 With respect to service of process, the corporation

14 shall comply with the laws of the State in which it is incor15 porated and those States in which it carries on its activi16 ties in furtherance of its corporate purposes.

17 SEC. 5. MEMBERSHIP.

18 Eligibility for membership in the corporation and the

19 rights and privileges of members shall be as provided in

20 the bylaws of the corporation.

21 SEC. 6. BOARD OF DIRECTORS; COMPOSITION; RESPON22 SIBILITIES.

23 The composition and the responsibilities of the board

24 of directors of the corporation shall be as provided in the

25 articles of incorporation of the corporation and in con-
3

•S 76 IS

1 formity with the laws of the State in which it is incor2 porated.

3 SEC. 7. OFFICERS OF THE CORPORATION.

4 The officers of the corporation and the election of

5 such officers shall be as provided in the articles of incorpo6 ration of the corporation and in conformity with the laws

7 of the State in which it is incorporated.

8 SEC. 8. RESTRICTIONS.

9 (a) USE OF INCOME AND ASSETS.—No part of the

10 income or assets of the corporation shall inure to any

11 member, officer, or director of the corporation or be dis12 tributed to any such person during the life of this charter.

13 Nothing in this subsection shall be construed to prevent

14 the payment of reasonable compensation to the officers of

15 the corporation or reimbursement for actual necessary ex16 penses in amounts approved by the board of directors.

17 (b) LOANS.—The corporation shall not make any

18 loan to any officer, director, or employee of the corpora19 tion.

20 (c) POLITICAL ACTIVITY.—The corporation, any offi21 cer, or any director of the corporation, acting as such offi22 cer or director, shall not contribute to, support, or other23 wise participate in any political activity or in any manner

24 attempt to influence legislation.
4

•S 76 IS

1 (d) ISSUANCE OF STOCK AND PAYMENT OF DIVI2 DENDS.—The corporation shall have no power to issue any

3 shares of stock nor to declare or pay any dividends.

4 (e) CLAIMS OF FEDERAL APPROVAL.—The corpora5 tion shall not claim congressional approval or Federal

6 Government authority for any of its activities.

7 SEC. 9. LIABILITY.

8 The corporation shall be liable for the acts of its offi9 cers and agents when acting within the scope of their au10 thority.

11 SEC. 10. MAINTENANCE AND INSPECTION OF BOOKS AND

12 RECORDS.

13 (a) BOOKS AND RECORDS OF ACCOUNT.—The cor14 poration shall keep correct and complete books and

15 records of account and shall keep minutes of any proceed16 ing of the corporation involving any of its members, the

17 board of directors, or any committee having authority

18 under the board of directors.

19 (b) NAMES AND ADDRESSES OF MEMBERS.—The

20 corporation shall keep at its principal office a record of

21 the names and addresses of all members having the right

22 to vote in any proceeding of the corporation.

23 (c) RIGHT TO INSPECT BOOKS AND RECORDS.—All

24 books and records of the corporation may be inspected by

25 any member having the right to vote, or by any agent or
5

•S 76 IS

1 attorney of such member, for any proper purpose, at any

2 reasonable time.

3 (d) APPLICATION OF STATE LAW.—Nothing in this

4 section shall be construed to contravene any applicable

5 State law.

6 SEC. 11. AUDIT OF FINANCIAL TRANSACTIONS.

7 The first section of the Act entitled ‘‘An Act to pro8 vide for audit of accounts of private corporations estab9 lished under Federal law’’, approved August 30, 1964 (36

10 U.S.C. 1101), is amended—

11 (1) by redesignating paragraph (72) as para12 graph (71);

13 (2) by designating the paragraph relating to the

14 Non Commissioned Officers Association of the

15 United States of America, Incorporated, as para16 graph (72);

17 (3) by redesignating paragraph (60), relating to

18 the National Mining Hall of Fame and Museum, as

19 paragraph (73); and

20 (4) by adding at the end thereof the following

21 new paragraph:

22 ‘‘(75) National Academies of Practice.’’.

23 SEC. 12. ANNUAL REPORT.

24 The corporation shall report annually to the Congress

25 concerning the activities of the corporation during the pre-
6

•S 76 IS

1 ceding fiscal year. Such annual report shall be submitted

2 at the same time as is the report of the audit for such

3 fiscal year required by section 3 of the Act referred to

4 in section 11 of this Act. The report shall not be printed

5 as a public document.

6 SEC. 13. RESERVATION OF RIGHT TO AMEND OR REPEAL

7 CHARTER.

8 The right to alter, amend, or repeal this Act is ex9 pressly reserved to the Congress.

10 SEC. 14. DEFINITION.

11 For purposes of this Act, the term ‘‘State’’ includes

12 the District of Columbia, the Commonwealth of Puerto

13 Rico, and the territories and possessions of the United

14 States.

15 SEC. 15. TAX-EXEMPT STATUS.

16 The corporation shall maintain its status as an orga17 nization exempt from taxation as provided in the Internal

18 Revenue Code of 1986 or any corresponding similar provi19 sion.

20 SEC. 16. TERMINATION.

21 If the corporation fails to comply with any of the re22 strictions or provisions of this Act the charter granted by

23 this Act shall terminate.

Æ