49 U.S.C. § 70107 : US Code - Section 70107: Effective periods, and modifications, suspensions, and revocations, of licenses

Search 49 U.S.C. § 70107 : US Code - Section 70107: Effective periods, and modifications, suspensions, and revocations, of licenses

(a) Effective Periods of Licenses. - The Secretary of
Transportation shall specify the period for which a license issued
or transferred under this chapter is in effect.
(b) Modifications. - (1) On the initiative of the Secretary or on
application of the licensee, the Secretary may modify a license
issued or transferred under this chapter if the Secretary decides
the modification will comply with this chapter.
(2) The Secretary shall modify a license issued or transferred
under this chapter whenever a modification is needed for the
license to be in conformity with a regulation that was issued
pursuant to section 70105(c) after the issuance of the license.
This paragraph shall not apply to permits.
(c) Suspensions and Revocations. - The Secretary may suspend or
revoke a license if the Secretary decides that -
(1) the licensee has not complied substantially with a
requirement of this chapter or a regulation prescribed under this
chapter; or
(2) the suspension or revocation is necessary to protect the
public health and safety, the safety of property, or a national
security or foreign policy interest of the United States.
(d) Additional Suspensions. - (1) The Secretary may suspend a
license when a previous launch or reentry under the license has
resulted in a serious or fatal injury (as defined in 49 CFR 830, as
in effect on November 10, 2004) to crew or space flight
participants and the Secretary has determined that continued
operations under the license are likely to cause additional serious
or fatal injury (as defined in 49 CFR 830, as in effect on November
10, 2004) to crew or space flight participants.
(2) Any suspension imposed under this subsection shall be for as
brief a period as possible and, in any event, shall cease when the
Secretary -
(A) has determined that the licensee has taken sufficient steps
to reduce the likelihood of a recurrence of the serious or fatal
injury; or
(B) has modified the license pursuant to subsection (b) to
sufficiently reduce the likelihood of a recurrence of the serious
or fatal injury.
(3) This subsection shall not apply to permits.
(e) Effective Periods of Modifications, Suspensions, and
Revocations. - Unless the Secretary specifies otherwise, a
modification, suspension, or revocation under this section takes
effect immediately and remains in effect during a review under
section 70110 of this title.
(f) Notification. - The Secretary shall notify the licensee in
writing of the decision of the Secretary under this section and any
action the Secretary takes or proposes to take based on the
decision.