"The Poet Laureate is appointed annually by the Librarian of Congress and serves from October to May. In making the appointment, the Librarian consults with former appointees, the current Laureate and distinguished poetry critics. The position has existed under two separate titles: from 1937 to 1986 as "Consultant in Poetry to the Library of Congress" and from 1986 forward as "Poet Laureate Consultant in Poetry." The name was changed by an act of Congress in 1985."
Kay Ryan has recently been appointed the 16th Poet Laureate of the US. This position is appointed annually by the Librarian of Congress and the person serves from October to May. The recipient receives a $35,000 annual stipend.