2 U.S.C. § 154 : US Code - Section 154: Library of Congress Trust Fund Board; members; quorum; seal; rules and regulations

Search 2 U.S.C. § 154 : US Code - Section 154: Library of Congress Trust Fund Board; members; quorum; seal; rules and regulations

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.