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Title 2 — The Congress

Chapter 5 — Library of Congress

§ 154. Library of Congress Trust Fund Board; members; quorum; seal; rules and regulations

Statutory text

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.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 68–423 § 1 · 43 Stat. 1107

    Enacted · 2 U.S.C. § 154

    Mar. 3, 1925, ch. 423, § 1, 43 Stat. 1107

    Source evidence

    Code source credit
    Mar. 3, 1925, ch. 423, § 1, 43 Stat. 1107

  2. Pub. L. 95–277 · 92 Stat. 236

    Inserted · 2 U.S.C. § 154

    Pub. L. 95–277 inserted “(or an Assistant Secretary designated in writing by the Secretary of the Treasury)”

    Source evidence

    Code amendment note
    Pub. L. 95–277 inserted “(or an Assistant Secretary designated in writing by the Secretary of the Treasury)”.

  3. Pub. L. 102–246 · 106 Stat. 31

    1. Struck and inserted · 2 U.S.C. § 154

      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)”

    2. Substituted · 2 U.S.C. § 154

      Pub. L. 102–246 substituted “Nine” for “Three”

    Source evidence

    Code amendment note
    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”.

  4. Pub. L. 106–481 title II § 201 · 114 Stat. 2187

    1. Inserted · 2 U.S.C. § 154

      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

    2. Substituted · 2 U.S.C. § 154

      Pub. L. 106–481 substituted “Seven members of the board” for “Nine members of the board”

    Source evidence

    Code amendment note
    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”.

    Enacted provision · exact public law section
    SEC. 201. REVISIONS TO MEMBERSHIP AND OPERATION OF LIBRARY OF CONGRESS TRUST FUND BOARD. (a) Addition of Vice Chair of Joint Committee on the Library as Board Member.— Section 1 of the Act entitled “An Act to create a Library of Congress Trust Fund Board, and for other purposes”, approved March 3, 1925 (2 U.S.C. 154), is amended in the first sentence of the first paragraph by inserting “and the vice chair” after “chairman”. (b) Quorum Requirement.— Section 1 of such Act (2 U.S.C. 154) is amended in the second sentence of the first paragraph by striking “Nine” and inserting “Seven”. (c) Temporary Extension of Board Member Term.— Section 1 of such Act (2 U.S.C. 154) is amended in the first paragraph by inserting after the first sentence the following: “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.”.

    Effective date note
    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].”

2 of 6 references resolved to an enrolled provision · 4 partial

Editorial Notes

Codification

Section is comprised of first par. of section 1 of act . Second par. of section 1 is classified to section 155 of this title.

Amendments1978–2000 · 3 rounds

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, , 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 [].”

Short Title

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

Credits

1925–2000 · 4 acts
  1. 1925Mar. 3, 1925, ch. 423, § 1, 43 Stat. 1107
  2. 1978Pub. L. 95–277, , 92 Stat. 236
  3. 1992Pub. L. 102–246, §§ 1, 2, , 106 Stat. 31
  4. 2000Pub. L. 106–481, title II, § 201, , 114 Stat. 2190.
Show as published

(Mar. 3, 1925, ch. 423, § 1, 43 Stat. 1107; Pub. L. 95–277, , 92 Stat. 236; Pub. L. 102–246, §§ 1, 2, , 106 Stat. 31; Pub. L. 106–481, title II, § 201, , 114 Stat. 2190.)

Parsed from the official OLRC USLM XML in data/usc_all/usc02.xml · release point 119-108 · OLRC build 2026-04-17

USLM identifier /us/usc/t2/s154