29 CFR 453.26
§ 453.26 Powers of the Secretary of Labor to exempt.
United States · 29 CFR — Labor · Status: effective
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- Citation
- 29 CFR 453.26, § 453.26 Powers of the Secretary of Labor to exempt, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/125016
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Full text
Section 502(a) of the Act provides that when in the opinion of the Secretary of Labor a labor organization has made other bonding arrangements which would provide the protection required at comparable cost or less, he may exempt such labor organization from placing a bond through a surety company holding a grant of authority from the Secretary of the Treasury under the Act of July 30, 1947 (6 U.S.C. 6-13), as acceptable surety on Federal bonds.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.