{"data":{"id":"us/29-cfr-453.26","jurisdiction":"us","citation":"29 CFR 453.26","heading":"Powers of the Secretary of Labor to exempt.","body":"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.","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER IV—OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR","SUBCHAPTER A—LABOR-MANAGEMENT STANDARDS","PART 453—GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"2520d832d8a1a6ac3fe7759877247e180653b3439c229c4e1c0392b34b2ee806","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-453.25","next":"us/29-cfr-457.1"},"notice":"GroundRules: Original legal text. Not legal advice."}