36 U.S.C. § 90103 — Board of directors

(a) General. The board of directors is the foundation's governing body. (b) Members and Appointment. (1) The board has 12 directors, appointed within 60 days after this chapter became law: (A) 4 directors, appointed by the President (no more than 2 from the same political party); (B) 2 directors, appointed by the Speaker of the House; (C) 2 directors, appointed by the House Minority Leader; (D) 2 directors, appointed by the Senate Majority Leader; and (E) 2 directors, appointed by the Senate Minority Leader. (2) Besides those 12 directors, the chair and ranking minority member of the House Committee on House Administration (or their designees), and the chair and ranking minority member of the Senate Committee on Rules and Administration (or their designees), each serve as nonvoting, ex officio (by virtue of their office) board members. (3) A director isn't a federal employee, and being appointed to the board doesn't make someone a federal officer or employee for any purpose under U.S. law — except as this chapter otherwise provides. (4) Directors serve 4-year terms. (5) A vacancy on the board is filled the same way the original appointment was made. (c) Chair. The directors choose one of themselves as board chair. That person cannot be a current or former holder of any partisan elected office, or a current or former officer of any political party's national committee. (d) Quorum. The foundation's bylaws set how many directors make up a quorum. (e) Meetings. The board meets when the chair calls regularly scheduled meetings, but must meet at least once a year. (f) Reimbursement of Expenses. Directors serve without pay, but can get travel expenses, including a per diem instead of actual expenses, under sections 5702 and 5703 of title 5. (g) Liability of Directors. Directors aren't personally liable for the foundation's actions, except for gross negligence.