Page:United States Statutes at Large Volume 82.djvu/157

 82 STAT. ]

PUBLIC LAW 90-301-MAY 7, 1968

115

(5) Two members appointed by the Speaker of the House of Representatives, one from the majority party and one from the minority party other than those referred to in paragraphs (2) and (3). (6) Five members appointed by the President, at least three of whom will be public members representing the consumer. (c) A vacancy in the Commission shall not affect its powers, but shall be filled in the same manner as the original appointment. (d) The Chairman of the Commission shall be designated by the President. (e) Eight members of the Commission shall constitute a quorum, but a lesser number may conduct hearings. (f) The Commission shall undertake a comprehensive study and make recommendations on— (1) The necessity for statutory or administrative controls over interest rates in connection with Government-assisted mortgages; (2) The appropriate level for such interest rates to enable low- and moderate-income families to afford decent housing; (3) Ways to assure the availability of an adequate sujDply of mortgage credit to produce the volume of housing required to meet the goals set forth in housing and urban development laws; and (4) The institutional changes, through legislation, administration, or tax incentives, that can be made among the Nation's financial institutions to encourage them to make available a larger share of capital funds for home financing purposes. (g) Said report of the Commission shall be made by April 1, 1969,.study commisso as to enable the President, Congress, and the Secretary of Housing ^^°" report. and Urban Development to take necessary action before October 1, 1969, when the authorization for the increase in interest rates above present statutory ceilings will expire. (h) The Commission is authorized to secure directly from any dexartment, bureau, agency, board, commission, office, independent estabishment, or instrumentality of the executive branch of the Federal Government information, suggestions, estimates, and statistics for the purposes of its work; and each department, bureau, agency, board, commission, office, independent establishment, or instrumentality is authorized to funiish such information, suggestions, estimates, and statistics to the extent permitted by law and within available funds. (i) The members of the Commission specified in paragraphs (1) through (4) of subsection (a) shall serve without axiditional compen- ^°^*' ^' ^°°^' sation. The members of the Commission appointed under paragraph (5) of subsection (a) shall receive $75 j^er diem when engaged m the performance of the duties of the Commission. xlU members of the „Jltl^""^ ^*" Commission shall receive reimbursement for necessary traveling and penses. subsistence expenses incurred by them in the performance of the duties of the Commission. (j) The Secretary of Housing and Urban Development shall desig- Executive Dinate the Executive Director of the Commission. Financial and admin- IZT °^ °'""^" istratiye services (including those relating to budgeting, accounting, financial reporting, personnel, and procurement) shall be provided the Commission by the Department of Housing and Urban Development, for which payment shall be made in advance, or by reimbursement, from funds of the Commission in such amounts as may be agreed upon by the Chairman of the (Commission and said Department. (k) The Commission shall have power to appoint and fix the compensation of such additional personnel as may be necessary to carry out its duties, without regard to the provisions of the civil service laws and the Classification Act of 1949. 63 Stat. 9S4.

f

5 USC 5101 et seq.

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