stitute in expanding the reach of its programs 
throughout the United States and abroad. 
(3) The establishment of library and research 
facilities for the collection, publication, compilation, 
and distribution of research materials for use in car-
rying out the programs of the Institute. 
(c) PROGRAM PRIORITIES.—The Executive Director 
shall determine the priority of the programs to be carried 
out under this Act and the amount of funds to be allocated 
for such programs. 
(d) GRANT PROGRAM.— 
(1) GRANT PROGRAM.—The Institute shall es-
tablish a program to awards grants in the United 
States and abroad on an annual basis to colleges 
and universities, other research institutions and or-
ganizations, public departments and Federal agen-
cies (including State, territorial, and overseas de-
partments), and individuals for the purposes of as-
sisting the Institute’s work in conducting research, 
international exchanges, education or training activi-
ties, to develop such programs, activities, and serv-
ices as it considers appropriate to carry out the pur-
poses described in subsection (a). 
(2) APPLICATION.—Each organization that 
seeks a grant under this subsection shall submit an 
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application to the Institute at such time, in such 
manner, and accompanied by such information as 
the Institute may reasonably require. 
(3) SET-ASIDE
FOR
CENTERS
OF
EXCEL-
LENCE.—The Institute shall ensure that not less 
than 50 percent of amounts made available to carry 
out this subsection are used to provide grants to mi-
nority-serving institutions and entities that have 
made significant efforts to work with racially and 
ethnically diverse populations in the United States 
or abroad. 
(4) CONSORTIUM.—One or more research insti-
tutions may constitute themselves as a consortium 
for purposes of seeking a grant under this sub-
section. 
SEC. 4. LEADERSHIP INSTITUTE FOR TRANSATLANTIC EN-
GAGEMENT TRUST FUND. 
(a) ESTABLISHMENT.—There is established in the 
Treasury of the United States a trust fund to be known 
as the ‘‘Leadership Institute for Transatlantic Engage-
ment Trust Fund’’. The Fund shall consist of amounts 
which may be appropriated, credited, or transferred to it 
under this section. 
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(b) DONATIONS.—Any money or other property do-
nated, bequeathed, or devised to the Institute under the 
authority of this section shall be credited to the Fund. 
(c) FUND MANAGEMENT AND INVESTMENT.— 
(1) INVESTMENT.—At the request of the Insti-
tute, it shall be the duty of the Secretary of the 
Treasury to invest in full the amounts appropriated 
to the Fund. Such investments may be made only in 
interest-bearing obligations of the United States 
issued directly to the Fund. 
(2) ISSUANCE OF OBLIGATIONS.—The purposes 
for which obligations of the United States may be 
issued under chapter 31 of title 31, United States 
Code, are hereby extended to authorize the issuance 
at par of special obligations directly to the Fund. 
Such special obligations shall bear interest at a rate 
equal to the average rate of interest, computed as to 
the end of the calendar month next preceding the 
date of such issue, borne by all marketable interest- 
bearing obligations of the United States then form-
ing a part of the public debt, except that if such av-
erage rate is not a multiple of one-eighth of 1 per 
centum, the rate of interest of such special obliga-
tions shall be the multiple of one-eighth of 1 per 
centum next lower than such average rate. All re-
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quests of the Institute to the Secretary of the Treas-
ury provided for in this section shall be binding upon 
the Secretary. 
(d) AUTHORITY TO SELL OBLIGATIONS.—At the re-
quest of the Institute, the Secretary of the Treasury shall 
redeem any obligation issued directly to the Fund. Obliga-
tions issued to the Fund under subsection (c)(2) shall be 
redeemed at par plus accrued interest. Any other obliga-
tions issued directly to the Fund shall be redeemed at the 
market price. 
(e) PROCEEDS
FROM
CERTAIN
TRANSACTIONS 
CREDITED TO FUND.—In addition to the appropriations 
received pursuant to this Act, the interest on, and the pro-
ceeds from the sale or redemption of, any obligations held 
in the Fund pursuant to this Act, shall be credited to and 
form a part of the Fund. 
(f) FUND RESERVES.—No less than five percent of 
the original amount appropriated to the Fund must re-
main in the Fund at all times. 
(g) EXPENDITURES.—The Secretary of the Treasury 
is authorized to pay to the Institute from the interests 
and earnings of the Fund, and moneys credited to the 
Fund pursuant to this section, such sums as the Board 
determines are necessary and appropriate to enable the 
Institute to carry out the provisions of this Act. 
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SEC. 5. ADMINISTRATIVE PROVISIONS. 
(a) EXECUTIVE DIRECTOR.—The Board shall ap-
point an Executive Director who shall be the chief execu-
tive officer and principal executive of the Institute and 
who shall supervise the affairs of, assist the directions of, 
and carry out the functions of the Board to administer 
the Institute. The Executive Director of the Institute shall 
be compensated at an annual rate specified by the Board. 
(b) OTHER DUTIES.—The Executive Director, in 
consultation with the Board shall appoint and fix the com-
pensation of such personnel as may be necessary to carry 
out this Act, including personnel to carry out duties at 
any locations of the Institute which are established outside 
of Washington, DC. 
(c) INSTITUTE PERSONNEL.— 
(1) STAFF APPOINTMENTS.—All staff appoint-
ments shall be made without regard to the provi-
sions of title 5, United States Code, governing ap-
pointments in the competitive service, and without 
regard to the provisions of chapter 51 and sub-
chapter III of chapter 53 of such title relating to 
classification and general schedule pay rates. 
(2) TREATMENT AS CONGRESSIONAL EMPLOY-
EES.—For purposes of pay and other employment 
benefits, rights, and privileges and for all other pur-
poses, any employee of the Institute shall be consid-
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ered to be a Congressional employee under section 
2107 of title 5, United States Code. 
(3) COVERAGE
UNDER
CONGRESSIONAL
AC-
COUNTABILITY ACT OF 1995.— 
(A) TREATMENT OF EMPLOYEES AS COV-
ERED EMPLOYEES.—Section 101(3) of the Con-
gressional Accountability Act of 1995 (2 U.S.C. 
1301(3)) is amended— 
(i) by striking ‘‘or’’ at the end of sub-
paragraph (J); 
(ii) by striking the period at the end 
of subparagraph (K) and inserting ‘‘; or’’; 
and 
(iii) by adding at the end the fol-
lowing new subparagraph: 
‘‘(L) the Leadership Institute for Trans-
atlantic Engagement.’’. 
(B) TREATMENT
OF
INSTITUTE
AS
EM-
PLOYING OFFICE.—Section 101(9)(D) of such 
Act (2 U.S.C. 1301(9)(D)) is amended by strik-
ing ‘‘and the John C. Stennis Center’’ and in-
serting ‘‘the Leadership Institute for Trans-
atlantic Engagement, and the John C. Stennis 
Center’’. 
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SEC. 6. ADMINISTRATIVE PROVISIONS. 
In order to carry out this Act, the Institute may carry 
out any of the following: 
(1) Prescribe such regulations as it considers 
necessary for governing the manner in which its 
functions shall be carried out. 
(2) Procure temporary and intermittent services 
of experts and consultants as are necessary to the 
extent authorized by section 3109 of title 5, United 
States Code. 
(3) Accept and utilize the services of voluntary 
and uncompensated personnel and reimburse them 
for travel expenses, including per diem, as author-
ized by section 5703 of title 5, United States Code. 
(4) Request and utilize the assignment of any 
Federal officer or employee from a department, 
agency, or Congressional office to the Institute, in-
cluding on a rotating basis, by entering into an 
agreement for such assignment. 
(5) Solicit and receive money and other prop-
erty donated, bequeathed, or devised, without condi-
tion or restriction other than it be used for the pur-
poses of the Institute, and to use, sell, or otherwise 
dispose of such property for the purpose of carrying 
out its functions. 
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(6) Enter into contracts, grants, or other ar-
rangements, or modifications thereof, to carry out 
the provisions of this Act, including with any office 
of the Federal government or of any State or any 
subdivision thereof, and international public and pri-
vate sector entities. 
(7) Make expenditures for any expenses in con-
nection with official training sessions or other au-
thorized programs or activities of the Institute. 
(8) Apply for, receive, and use for the purposes 
of the Institute grants or other assistance from Fed-
eral sources. 
(9) Establish, receive, and use for the purposes 
of the Institute fees or other charges for goods or 
services provided in fulfilling the Institute’s pur-
poses. 
(10) Invest, as specified in section 4(c), monies 
authorized to be received under this Act. 
(11) Establish advisory committees or other 
bodies composed of persons eminent in international 
affairs, global security, and civil and human rights, 
to advise the Board without compensation (other 
than travel related expenses) on matters determined 
to be necessary by the Board. 
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(12) Respond to the request of offices of Con-
gress and other departments or agencies of the Fed-
eral government to examine, study, or report on any 
issue within the Institute’s competence, including the 
use of classified materials if necessary. 
(13) Work with the appropriate security offices 
of the House of Representatives and Senate to ob-
tain or retain need-based security clearances for In-
stitute personnel. 
(14) Assign Institute personnel to temporary 
duty with offices of the Federal government, inter-
national organizations, agencies and other entities to 
fulfill this Act. 
(15) Make other necessary expenditures. 
SEC. 7. DEFINITIONS. 
In this Act: 
(1) The term ‘‘Institute’’ means the ‘‘Leader-
ship Institute for Transatlantic Engagement’’ estab-
lished under section 2. 
(2) The term ‘‘Board’’ means the Board of 
Trustees of the Institute. 
(3) The term ‘‘Fund’’ means the Leadership In-
stitute for Transatlantic Engagement Trust Fund 
under section 4. 
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(4) The term ‘‘minority serving institutions’’ as 
defined in section 365(3) of the Higher Education 
Act of 1965 (20 U.S.C. 1067k(3)). 
SEC. 8. AUTHORIZATION OF APPROPRIATIONS; DISBURSE-
MENTS. 
(a) AUTHORIZATION OF APPROPRIATIONS.— 
(1) IN GENERAL.—There are authorized to be 
appropriated such sums as may be necessary to 
carry out this Act. 
(2) AVAILABILITY.—Amounts authorized to be 
appropriated under paragraph (1) are authorized to 
remain available until expended. 
(b) DISBURSEMENTS.—Amounts made available to 
the Institution shall be disbursed on vouchers approved 
by the Chair and Vice-Chair of the Board or by a majority 
vote of the Board. 
(c) USE OF FOREIGN CURRENCIES.—For purposes of 
section 502(b) of the Mutual Security Act of 1954 (22 
U.S.C. 1754(b)), the Institute shall be deemed to be a 
standing committee of the Congress and shall be entitled 
to use funds in accordance with such section. 
(d) FOREIGN TRAVEL.—Foreign travel for official 
purposes by Members of the Institute who are Members 
of Congress and Institute staff may be authorized by the 
Chair, Vice-Chair, or Executive Director of the Institute. 
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(e) EFFECTIVE DATE.—This section shall take effect 
on the date of enactment of this Act. 
Æ 
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