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§ 2402. —  Membership of Commission.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC2402]

 
                       TITLE 12--BANKS AND BANKING
 
      CHAPTER 25--NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS
 
Sec. 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.

(Pub. L. 93-495, title II, Sec. 202, Oct. 28, 1974, 88 Stat. 1508.)

                          Transfer of Functions

    Federal Home Loan Bank Board abolished and functions transferred, 
see sections 401 to 406 of Pub. L. 101-73, set out as a note under 
section 1437 of this title.



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