Library of Congress: Status of Retail Activities Page: 1 of 41
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&GAO
Accountability * Integrity * Reliability
United States General Accounting Office
Washington, DC 20548
April 29, 2002
The Honorable Richard J. Durbin
Chairman
The Honorable Robert F. Bennett
Ranking Minority Member
Subcommittee on the Legislative Branch
Committee on Appropriations
United States Senate
The Honorable Vernon J. Ehlers
Chairman
The Honorable Christopher J. Dodd
Vice Chairman
Joint Committee on the
Library of Congress
Subject: Library of Congress: Status of Retail Activities
The Senate Committee on Appropriations directed us to evaluate the viability of using
profits from the Library of Congress' retail activities to support other Library
activities.! Specifically, we were asked to evaluate the (1) potential for generating
profits from Library retail activities and (2) policies and procedures for the control of
products, licensing agreements, and use of the Library's logo. Also, we were asked to
work in consultation with the Library to evaluate options and alternatives for
generating profits from retail activities.
During the preliminary stages of our study, we determined that the Library's planning
activities were in a very preliminary state. Therefore, we agreed with your staff on
the following objectives for our work: (1) determine the status of the Library's plans
to achieve the goal of operating these retail activities for profit, including whether it
has developed business plans, implemented accounting procedures, conducted
marketing studies, and developed pricing policies for its retail operations, (2) identify
the Library's current policies and procedures for the control of products, licensing
agreements, and use of the Library's logo, and (3) analyze past financial performance
of Library retail activities for profit potential.
In February and March, 2002, we briefed staff of the Subcommittee on the Legislative
Branch, Senate Committee on Appropriations, and the Joint Committee on the
1Senate Report 107-37, accompanying Public Law 107-68, Legislative Branch Appropriations Act, 2002.GAO-02-554R Library of Congress Retail Activities
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United States. General Accounting Office. Library of Congress: Status of Retail Activities, text, April 29, 2002; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc299209/m1/1/: accessed April 19, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.