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H.R. 6122 (112th): To revise the authority of the Librarian of Congress to accept gifts and bequests on behalf of the Library, and for other purposes.

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/10/2012--Passed House without amendment. Allows the Librarian of Congress to accept in the interest of the Library of Congress, its collections, or its service, personal property valued at $25,000 or less, nonpersonal services, or voluntary and uncompensated personal services. Requires the Librarian, in the case of a gift of securities, to sell the gift and provide the donor with a receipt from the proceeds of the sale.

Requires inclusion, in each Annual Report of the Library, of a description of each gift or bequest accepted during the year involved that is valued at $1,000 or more.