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Sure... Make me do some research... 
49 CFR Part 567: https://www.gpo.gov/fdsys/pkg/CFR-2017-title49-vol6/xml/CFR-2017-title49-vol6-part567.xml
49 CFR Part 567: https://www.gpo.gov/fdsys/pkg/CFR-2017-title49-vol6/xml/CFR-2017-title49-vol6-part567.xml
Of note, passenger and cargo capacities are independent. Which, puts me back to the "passenger + cargo" being informative/guidance/CYA by the manufacturer and GVWR/FAWR/RAWR being the controlling values.49 CFR 527 said:(3) “Gross Vehicle Weight Rating” or “GVWR” followed by the appropriate value in pounds, which shall not be less than the sum of the unloaded vehicle weight, rated cargo load, and 150 pounds times the number of the vehicle's designated seating positions. However, for school buses the minimum occupant weight allowance shall be 120 pounds per passenger and 150 pounds for the driver.