Amends Federal law to: (1) add four persons appointed by the Speaker of the House of Representatives for a five-year term each and four persons appointed by the Senate Majority Leader for a five-year term each, to the Library of Congress Trust Fund Board; and (2) increase from three to nine the quorum required for the Board to transact business. Authorizes the Librarian of Congress to take temporary possession, pending approval, of a gift of money or securities to the Library if conditions attached by the donor require expedited action. Prohibits a gift of securities from being invested or reinvested. Requires any investment or reinvestment of a gift of money to be made in an interest-bearing obligation of or guaranteed by the United States. Requires the return of the gift principal to the donor if the gift is not approved, and makes any income earned during the approval period available for use by the Library.
S 1415 - 102A bill to provide for additional membership on the Library of Congress Trust Fund Board, and for other purposes.
Became Public Law No: 102-246.
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Summary
Sponsors
Timeline
Signed by President.
Signed by President.
Became Public Law No: 102-246.
Became Public Law No: 102-246.
Presented to President.
Presented to President.
Measure Signed in Senate.
Mr. Clay moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by Division vote: 3 - 1.
On motion to suspend the rules and pass the bill Agreed to by Division vote: 3 - 1.
Motion to reconsider laid on the table Agreed to without objection.
Message on House action received in Senate.
Ordered to be Reported.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee.
Subcommittee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Libraries and Memorials.
Message on Senate action sent to the House.
Received in the House.
Referred to the House Committee on House Administration.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Passed Senate without amendment by Voice Vote.
Committee on Rules. Reported to Senate by Senator Ford without amendment. Without written report.
Committee on Rules. Reported to Senate by Senator Ford without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 247.
Committee on Rules. Ordered to be reported without amendment favorably.
Introduced in Senate
Read twice and referred to the Committee on Rules.