7 U.S.C. § 87f-1 : US Code - Section 87F-1: Registration requirements

Search 7 U.S.C. § 87f-1 : US Code - Section 87F-1: Registration requirements

(a) General requirement
The Secretary shall provide, by regulation, for the registration
of all persons engaged in the business of buying grain for sale in
foreign commerce, and in the business of handling, weighing, or
transporting of grain for sale in foreign commerce. This section
shall not apply to - 
(1) any person who only incidentally or occasionally buys for
sale, or handles, weighs, or transports grain for sale and is not
engaged in the regular business of buying grain for sale, or
handling, weighing, or transporting grain for sale;
(2) any producer of grain who only incidentally or occasionally
sells or transports grain which the producer has purchased;
(3) any person who transports grain for hire and does not own a
financial interest in such grain; or
(4) any person who buys grain for feeding or processing and not
for the purpose of reselling and only incidentally or
occasionally sells such grain as grain.
(b) Required information
(1) All persons required to register under this chapter shall
submit the following information to the Secretary:
(A) the name and principal address of the business,
(B) the names of all directors of such business,
(C) the names of the principal officers of such business,
(D) the names of all persons in a control relationship with
respect to such business,
(E) a list of locations where the business conducts substantial
operations, and
(F) such other information as the Secretary deems necessary to
carry out the purposes of this chapter.
Persons required to register under this section shall also submit
to the Secretary the information specified in clauses (A) through
(F) of this paragraph with respect to any business engaged in the
business of buying grain for sale in interstate commerce, and in
the business of handling, weighing, or transporting of grain for
sale in interstate commerce, if, with respect to such business, the
person otherwise required to register under this section is in a
control relationship.
(2) For the purposes of this section, a person shall be deemed to
be in a "control relationship" with respect to a business required
to register under subsection (a) of this section and with respect
to applicable interstate businesses if - 
(A) such person has an ownership interest of 10 per centum or
more in such business, or
(B) a business or group of business entities, with respect to
which such person is in a control relationship, has an ownership
interest of 10 per centum or more in such business.
(3) For purposes of clauses (A) and (B) of paragraph (2) of this
subsection, a person shall be considered to own the ownership
interest which is owned by his or her spouse, minor children, and
relatives living in the same household.
(c) Certificate of registration
The Secretary shall issue a certificate of registration to
persons who comply with the provisions of this section. The
certificate of registration issued in accordance with this section
shall be renewed annually. If there has been any change in the
information required under subsection (b) of this section, the
person holding such certificate shall, within thirty days of the
discovery of such change, notify the Secretary of such change. No
person shall engage in the business of buying grain for sale in
foreign commerce, and in the business of handling, weighing, or
transporting of grain in foreign commerce unless the person has
registered with the Secretary as required by this chapter and has
an unsuspended and unrevoked certificate of registration.
(d) Suspension or registration of certificate of registration
The Secretary may suspend or revoke any certificate of
registration issued under this section whenever, after the person
holding such certificate has been afforded an opportunity for a
hearing in accordance with sections 554, 556, and 557 of title 5,
the Secretary shall determine that such person has violated any
provision of this chapter or of the regulations promulgated
thereunder, or has been convicted of any violation involving the
handling, weighing, or inspection of grain under title 18.
(e) Fees
The Secretary shall charge and collect fees from any person
registered under this section. The amount of such fees shall be
determined on the basis of the costs of the Secretary in
administering the registration required by this section. Such fees
shall be deposited in, and used as part of, the fund described in
section 79(j) of this title.