In Plain Speak:

Subchapter 7: Stewardship Collectives & Cooperatives

§ 5481. Authorized collectives & collaborative organizations of standards

·      Collectives of registered stewards can collaborate without the legal structures of a firm as defined in Subchapter 5.

·      Defines the operational specifics.

·      Permits non-profit collectives to exist.

§ 5482. Regulatory accountability and exceptions of collectives and cooperatives

·      Terms of testing and compliance within self-organized collectives and cooperatives.

§ 5483. EFFECTIVE DATE

·      Makes it law