PRIA, Government Policy, Made Personal

Summary

Creates the Library of Congress Trust Fund Board and lists who is on it: the Secretary of the Treasury (or a named assistant), the chair and vice chair of the Joint Committee on the Library, the Librarian of Congress, two people the President picks (each for five years; the first two picks serve three and five years), four people the Speaker picks (each for five years; first picks serve two, three, four, and five years), and four people the Senate majority leader picks with the same staggered first terms. If a member’s term ends, the chair can ask them to keep serving until a successor is named or until one year passes, whichever comes first. Seven members are needed to do business. The board has an official seal that courts will accept. The board can make rules for how it runs its business.

Title 2, §154

The Congress, Source: USLM XML via OLRC

A board is created and established, to be known as the “Library of Congress Trust Fund Board” (hereinafter referred to as the board), which shall consist of the Secretary of the Treasury (or an Assistant Secretary designated in writing by the Secretary of the Treasury), the chairman and the vice chair of the Joint Committee on the Library, the Librarian of Congress, two persons appointed by the President for a term of five years each (the first appointments being for three and five years, respectively), four persons appointed by the Speaker of the House of Representatives (in consultation with the minority leader of the House of Representatives) for a term of five years each (the first appointments being for two, three, four, and five years, respectively), and four persons appointed by the majority leader of the Senate (in consultation with the minority leader of the Senate) for a term of five years each (the first appointments being for two, three, four, and five years, respectively). Upon request of the chair of the Board, any member whose term has expired may continue to serve on the Trust Fund Board until the earlier of the date on which such member’s successor is appointed or the expiration of the 1-year period which begins on the date such member’s term expires. Seven members of the board shall constitute a quorum for the transaction of business, and the board shall have an official seal, which shall be judicially noticed. The board may adopt rules and regulations in regard to its procedure and the conduct of its business.

Notes & Related Subsidiaries

Editorial Notes

Codification Section is comprised of first par. of section 1 of act Mar. 3, 1925. Second par. of section 1 is classified to section 155 of this title.

Amendments

2000—Pub. L. 106–481 inserted “and the vice chair” after “the chairman” and “Upon request of the chair of the Board, any member whose term has expired may continue to serve on the Trust Fund Board until the earlier of the date on which such member’s successor is appointed or the expiration of the 1-year period which begins on the date such member’s term expires.” after first sentence and substituted “Seven members of the board” for “Nine members of the board”. 1992—Pub. L. 102–246 struck out “and” after “Librarian of Congress,” inserted “, four persons appointed by the Speaker of the House of Representatives (in consultation with the minority leader of the House of Representatives) for a term of five years each (the first appointments being for two, three, four, and five years, respectively), and four persons appointed by the majority leader of the Senate (in consultation with the minority leader of the Senate) for a term of five years each (the first appointments being for two, three, four, and five years, respectively)” after “respectively)”, and substituted “Nine” for “Three”. 1978—Pub. L. 95–277 inserted “(or an Assistant Secretary designated in writing by the Secretary of the Treasury)”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2000 Amendment Pub. L. 106–481, title II, § 202, Nov. 9, 2000, 114 Stat. 2191, provided that: “The

Amendments

made by this title [amending this section] shall take effect on the date of the enactment of this Act [Nov. 9, 2000].”

Short Title

Act Mar. 3, 1925, enacting sections 154 to 162 and 163 of this title, is popularly known as the “Library of Congress Trust Fund Board Act”.

§154 Library of Congress Trust Fund Board; Members; Quorum; Seal; Rules and Regulations

Summary

Title 2, §154

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Amendments

Short Title

Citations & Metadata