31 CFR 223.19
§ 223.19 Treasury-initiated revocation proceedings.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 223.19, § 223.19 Treasury-initiated revocation proceedings, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/139501
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Full text
Whenever Treasury has reason to believe that a company is not complying with the requirements of 31 U.S.C. 9304-9308 and/or the regulations under this part, including but not limited to a failure to satisfy corporate and financial standards, Treasury shall:
(a) Notify the company of the facts or conduct which indicate such non-compliance, and provide the company an opportunity to respond, and
(b) Revoke a company's certificate of authority after providing notice to the company if:
(1) The company does not respond satisfactorily to Treasury's notification of non-compliance, or
(2) The company responded, was provided an opportunity to demonstrate or achieve compliance, and failed to do so.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.