(a)
Number and appointment— The Commission shall be composed of 7 members to be appointed as follows:
(1)
The majority leader of the Senate shall appoint 1 member.
(2)
The minority leader of the Senate shall appoint 1 member.
(3)
The Speaker of the House of Representatives shall appoint 1 member.
(4)
The minority leader of the House of Representatives shall appoint 1 member.
(5)
The President shall appoint 3 members.
(b)
Restriction on government employees— No individual may serve as a member of the Commission while employed as an officer or employee of the Federal Government or any State or local government.
(c)
Membership criteria— The members of the Commission shall include individuals with recognition for their expertise in agencies, efficiency, waste reduction, finance and economics, or actuarial sciences, and who provide a mix of different professional backgrounds and broad geographic representation.
(d)
Political affiliation— Not more than 3 of the 7 members appointed shall be registered as members of the same political party.
(e)
Deadline To appoint members— All members of the Commission shall be appointed not later than 90 days after the date of the enactment of this Act.
(f)
Terms—
(1)
In general— Each member shall be appointed for a term of 3 years.
(2)
Reappointment— Each member may be reappointed for 1 additional term of 3 years.
(3)
Vacancies— A vacancy in the Commission shall be filled in the manner in which the original appointment was made not later than 90 days after the date on which the member leaves the Commission.
(g)
Co-Chairs—
(1)
Selection— Of the members selected by the President under subsection (a)(4), 2 members shall serve as Co-Chairs of the Commission.
(2)
Political affiliation of Co-Chairs— The Co-Chairs of the Commission shall not be from the same political party.
(h)
Basic pay—
(1)
Rates of pay of members— Each member, other than the Co-Chairs, shall be paid at a rate equal to the daily equivalent of the annual rate of basic pay for level V of the Executive Schedule under
section 5315 of title 5, United States Code.
(2)
Rate of pay of Co-Chairs— The Co-Chairs shall be paid at a rate equal to the daily equivalent of the annual rate of basic pay for level IV of the Executive Schedule under
section 5315 of title 5, United States Code.
(i)
Travel expenses— Each member shall receive travel expenses, including per diem in lieu of subsistence, in accordance with applicable provisions under subchapter I of chapter 57 of title 5, United States Code.
(j)
Quorum— Four members of the Commission shall constitute a quorum but a lesser number may hold hearings.
(k)
Meetings— The Commission shall meet at the call of the Co-Chairs or a majority of its members. Members may attend meetings via teleconference.