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U.S. Code as of:
01/19/04
Section 2402. Membership of Commission
(a) Composition
The Commission shall be composed of twenty-six members as
follows:
(1) the Chairman of the Board of Governors of the Federal
Reserve System or his delegate;
(2) the Attorney General or his delegate;
(3) the Comptroller of the Currency or his delegate;
(4) the Chairman of the Federal Home Loan Bank Board or his
delegate;
(5) the Administrator of the National Credit Union
Administration or his delegate;
(6) the Chairman of the Board of Directors of the Federal
Deposit Insurance Corporation or his delegate;
(7) the Chairman of the Federal Communications Commission or
his delegate;
(8) the Postmaster General or his delegate;
(9) the Secretary of the Treasury or his delegate;
(10) the Chairman of the Federal Trade Commission or his
delegate;
(11) two individuals, appointed by the President, one of whom
is an official of a State agency which regulates banking, or
similar financial institutions, and one of whom is an official of
a State agency which regulates thrift or similar financial
institutions;
(12) seven individuals, appointed by the President, who are
officers or employees of, or who otherwise represent banking,
thrift, or other business entities, including one representative
each of commercial banks, mutual savings banks, savings and loan
associations, credit unions, retailers, nonbanking institutions
offering credit card services, and organizations providing
interchange services for credit cards issued by banks;
(13) five individuals, appointed by the President, from private
life who are not affiliated with, do not represent and have no
substantial interest in any banking, thrift, or other financial
institution, including but not limited to credit unions,
retailers, and insurance companies;
(14) the Comptroller General of the United States or his
delegate; and
(15) the Director of the Office of Technology Assessment.
(b) Designation of Chairperson
The Chairperson shall be designated by the President at the time
of his appointment from among the members of the Commission and
such selection shall be by and with the advice and consent of the
Senate unless the appointee holds an office to which he was
appointed by and with the advice and consent of the Senate.
(c) Vacancies
A vacancy in the Commission shall be filled in the manner in
which the original appointment was made.
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