123STA T . 1 6 3 0PUBLIC LA W 111 – 21 —M A Y 20 , 200 9theCom m is sio n,a n d s uc h detai l ee shall r etain the ri g hts, status, and p ri v ileges o f his or her regular emplo y ment w ithout interruption .(5) C ONSULTA NTS ERVIC ES. —T he Commission is authori z ed to procure the services of e x perts and consultants in accordance with section 3109 of title 5, U nited S tates Code, b ut at rates not to exceed the daily rate paid a person occupying a position at level IV of the E xecutive Schedule under section 5315 of title 5, United States Code. (f) CO MP ENSATION AN D TRAVEL E X PENSES.— (1) COMPENSATION.—Each member of the Commission may be compensated at a rate not to exceed the daily e q uivalent of the annual rate of basic pay in effect for a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, for each day during which that member is engaged in the actual performance of the duties of the Commission. ( 2 ) TRAVEL EXPENSES.— W hile away from their homes or regular places of business in the performance of services for the Commission, members of the Commission shall be allowed travel expenses, including per diem in lieu of subsistence, in the same manner as persons employed intermittently in the G overnment service are allowed expenses under section 5 7 03(b) of title 5, United States Code. (g) N ONAPPLICA B ILIT Y O FF EDERAL A DVISORY COMMITTEE ACT.— The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply to the Commission. (h) R EPORT OF T H E COMMISSION
APPEARANCE B EFORE AND CONSULTATIONS WITH CON G RESS.— (1) REPORT.— O n D ecember 15, 2010, the Commission shall submit to the P resident and to the Congress a report containing the findings and conclusions of the Commission on the causes of the current financial and economic crisis in the United States. (2) INSTITUTION - SPECIFIC REPORTS AUTHORI Z ED.—At the discretion of the chairperson of the Commission, the report under paragraph (1) may include reports or specific findings on any financial institution examined by the Commission under subsection (c)(2). (3) APPEARANCE BEFORE THE CONGRESS.—The chairperson of the Commission shall, not later than 120 days after the date of submission of the final reports under paragraph (1), appear before the Committee on Ban k ing, H ousing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives regarding such reports and the findings of the Commission. ( 4 ) CONSULTATIONS W ITH THE CONGRESS.—The Commission shall consult with the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Serv- ices of the House of Representatives, and other relevant commit- tees of the Congress, for purposes of informing the Congress on the work of the Commission. (i) TERMINATION OF COMMISSION.— (1) IN GENERAL.—The Commission, and all the authorities of this section, shall terminate 6 0 days after the date on which the final report is submitted under subsection (h). (2) ADMINISTRATIVE ACTIVITIES BEFORE TERMINATION.—The Commission may use the 60-day period referred to in paragraph Deadlin e .
