2-U.S.C.-154

2-U.S.C.-154

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

Pathway

Title 2 > Chapter 5 > Section 154

Details

  • Reference: Section 154
  • Legend: §154 – Library of Congress Trust Fund Board; Members; Quorum; Seal; Rules and Regulations
  • USCode Year: 2013

Provision Content

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 members successor is appointed or the expiration of the 1-year period which begins on the date such members 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.

(Mar. 3, 1925, ch. 423, §1, 43 Stat. 1107; Pub. L. 95–277, May 12, 1978, 92 Stat. 236; Pub. L. 102–246, §§1, 2, Feb. 18, 1992, 106 Stat. 31; Pub. L. 106–481, title II, §201, Nov. 9, 2000, 114 Stat. 2190.)

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 members successor is appointed or the expiration of the 1-year period which begins on the date such members 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)”.

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”.

U.S. Encyclopedia of Law Coverage

2-U.S.C.-154 in the Legal Encyclopedia: Congress

In this entry about 2-U.S.C.-154, find legal reference material, bibliographies and premiere content related to congress in the American Encyclopedia of Law, presenting a comprehensive view of the United States congress-specific issues, written by authorities in the field.

2-U.S.C.-143D in the Legal Encyclopedia: Library of Congress

In this entry about 2-U.S.C.-143D, find legal reference material, bibliographies and premiere content related to library of congress in the American Encyclopedia of Law, presenting a comprehensive view of the United States library of congress-specific issues, written by authorities in the field.

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