Page:United States Statutes at Large Volume 119.djvu/1980

 119 STAT. 1962

PUBLIC LAW 109–59—AUG. 10, 2005 (F) study such other matters closely related to the subjects described in the preceding subparagraphs as it may deem appropriate. (2) PREPARATION OF REPORT.—Based on such investigation and study, the Commission shall develop a final report, with recommendations and the bases for those recommendations, indicating policies that should be adopted, or not adopted, to achieve various levels of annual revenue for the Highway Trust Fund and to enable the Highway Trust Fund to receive revenues sufficient to meet highway and transit needs. Such recommendations shall address, among other matters as the Commission may deem appropriate— (A) what levels of revenue are required by the Federal Highway Trust Fund in order for it to meet needs to maintain and improve the condition and performance of the Nation’s highway and transit systems; (B) what levels of revenue are required by the Federal Highway Trust Fund in order to ensure that Federal levels of investment in highways and transit do not decline in real terms; and (C) the extent, if any, to which the Highway Trust Fund should be augmented by other mechanisms or funds as a Federal means of financing highway and transit infrastructure investments. (c) MEMBERSHIP.— (1) APPOINTMENT.—The Commission shall be composed of 15 members, appointed as follows: (A) Seven members appointed by the Secretary of Transportation, in consultation with the Secretary of the Treasury. (B) Two members appointed by the Chairman of the Committee on Ways and Means of the House of Representatives. (C) Two members appointed by the Ranking Minority Member of the Committee on Ways and Means of the House of Representatives. (D) Two members appointed by the Chairman of the Committee on Finance of the Senate. (E) Two members appointed by the Ranking Minority Member of the Committee on Finance of the Senate. (2) QUALIFICATIONS.—Members appointed pursuant to paragraph (1) shall be appointed from among individuals knowledgeable in the fields of public transportation finance or highway and transit programs, policy, and needs, and may include representatives of interested parties, such as State and local governments or other public transportation authorities or agencies, representatives of the transportation construction industry (including suppliers of technology, machinery, and materials), transportation labor (including construction and providers), transportation providers, the financial community, and users of highway and transit systems. (3) TERMS.—Members shall be appointed for the life of the Commission. (4) VACANCIES.—A vacancy in the Commission shall be filled in the manner in which the original appointment was made.

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