12 U.S.C. § 2402
Membership of Commission
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 2402, Membership of Commission, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438381
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Full text
The Commission shall be composed of twenty-six members as follows:
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.
A vacancy in the Commission shall be filled in the manner in which the original appointment was made.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- An Act to increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a National Commission on Electronic Fund Transfers, and for other purposes.House: no recorded tallySenate: no recorded tally