Section 1. Short title
This Act may be cited as the Terminating Education Association Congressional Handouts Act or the TEACH Act.
(a) In General
Chapter 1511 of title 36, United States Code, is amended by adding at the end the following new section:
(a) In General
The corporation shall not engage in lobbying activities (as defined in section 3 of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602)).
(b) Annual certification; maintenance of records
The corporation shall submit an annual certification to the Secretary of Education containing an assurance that the corporation has not engaged in any such lobbying activities. The corporation shall maintain such records as the Secretary of Education may require to facilitate an effective audit of the certification.
(c) Penalty
The penalty for a violation of the prohibition under subsection (a) shall be termination of the status of the corporation as a federally chartered corporation.
(b) Clerical amendment
The table of sections for chapter 1511 of title 36, United States Code, is amended by adding after the item relating to section 151108 the following: