[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6122 Engrossed in House (EH)]

112th CONGRESS
  2d Session
                                H. R. 6122

_______________________________________________________________________

                                 AN ACT


 
 To revise the authority of the Librarian of Congress to accept gifts 
     and bequests on behalf of the Library, and for other purposes.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AUTHORITY OF LIBRARIAN OF CONGRESS TO ACCEPT GIFTS AND 
              BEQUESTS.

    (a) Expanding Types of Gifts That May Be Accepted.--The first 
undesignated paragraph of section 4 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. 160), is amended--
            (1) in the first sentence, by striking ``in the name of the 
        United States'' and all that follows and inserting the 
        following: ``in the name of the United States and in the 
        interest of the Library, its collections, or its service, gifts 
        or bequests of money for immediate disbursement, personal 
        property valued at $25,000 or less, nonpersonal services, or 
        voluntary and uncompensated personal services.'';
            (2) in the second sentence, by inserting ``of money'' after 
        ``bequests''; and
            (3) in the third sentence, by striking ``enter them'' and 
        inserting ``enter the gift, bequest, or proceeds''.
    (b) Treatment of Gifts of Securities.--The first undesignated 
paragraph of section 4 of such Act (2 U.S.C. 160) is amended by 
inserting after the first sentence the following new sentence: ``In the 
case of a gift of securities, the Librarian shall sell the gift and 
provide the donor with a receipt from the proceeds of the sale.''.
    (c) Public Report on Accepted Gifts.--Section 4 of such Act (2 
U.S.C. 160) is amended--
            (1) in the first sentence of the first undesignated 
        paragraph, by striking ``Nothing'' and inserting ``(a) 
        Acceptance and Disbursement of Gifts.--Nothing''; and
            (2) by adding at the end the following new subsection:
    ``(b) Public Report on Accepted Gifts.--In each Annual Report of 
the Library of Congress, the Librarian of Congress shall include a 
description of each gift or bequest accepted under this section during 
the year involved which is valued at $1,000 or more.''.

            Passed the House of Representatives September 10, 2012.

            Attest:

                                                                 Clerk.
112th CONGRESS

  2d Session

                               H. R. 6122

_______________________________________________________________________

                                 AN ACT

 To revise the authority of the Librarian of Congress to accept gifts 
     and bequests on behalf of the Library, and for other purposes.