Text of Senator Voinovich's Tax Reform Commission Provision Updated 6/24/2004
Here is the legislative text as it appears in the Senate-passed FSC-ETI (Foreign Sales Corporation/Extra-Territorial Income) bill, S. 1637 as passed by the Senate on May 11, 2004.
SEC. 653. BLUE RIBBON COMMISSION ON COMPREHENSIVE TAX REFORM.
(1) IN GENERAL- There is established the `Blue Ribbon Commission on Comprehensive Tax Reform' (in this section referred to as the `Commission').
(A) COMPOSITION- The Commission shall be composed of 17 members of whom--
(i) 3 shall be appointed by the majority leader of the Senate;
(ii) 3 shall be appointed by the minority leader of the Senate;
(iii) 3 shall be appointed by the Speaker of the House of Representatives;
(iv) 3 shall be appointed by the minority leader of the House of Representatives; and
(v) 5 shall be appointed by the President, of which no more than 3 shall be of the same party as the President.
(B) FEDERAL EMPLOYEES- The members of the Commission may be employees or former employees of the Federal Government.
(C) DATE- The appointments of the members of the Commission shall be made not later than October 30, 2004.
(3) PERIOD OF APPOINTMENT; VACANCIES- Members shall be appointed for the life of the Commission. Any vacancy in the Commission shall not affect its powers, but shall be filled in the same manner as the original appointment.
(4) INITIAL MEETING- Not later than 30 days after the date on which all members of the Commission have been appointed, the Commission shall hold its first meeting.
(5) MEETINGS- The Commission shall meet at the call of the Chairman.
(6) QUORUM- A majority of the members of the Commission shall constitute a quorum, but a lesser number of members may hold hearings.
(7) CHAIRMAN AND VICE CHAIRMAN- The President shall select a Chairman and Vice Chairman from among its members.
(b) DUTIES OF THE COMMISSION-
(1) STUDY- The Commission shall conduct a thorough study of all matters relating to a comprehensive reform of the Federal tax system, including the reform of the Internal Revenue Code of 1986 and the implementation (if appropriate) of other types of tax systems.
(2) RECOMMENDATIONS- The Commission shall develop recommendations on how to comprehensively reform the Federal tax system in a manner that generates appropriate revenue for the Federal Government.
(3) REPORT- Not later than 18 months after the date on which all initial members of the commission have been appointed pursuant to subsection (a)(2), the Commission shall submit a report to the President and Congress which shall contain a detailed statement of the findings and conclusions of the Commission, together with its recommendations for such legislation and administrative actions as it considers appropriate.
(c) POWERS OF THE COMMISSION-
(1) HEARINGS- The Commission may hold such hearings, sit and act at such times and places, take such testimony, and receive such evidence as the Commission considers advisable to carry out this Act.
(2) INFORMATION FROM FEDERAL AGENCIES- The Commission may secure directly from any Federal department or agency such information as the Commission considers necessary to carry out this Act. Upon request of the Chairman of the Commission, the head of such department or agency shall furnish such information to the Commission.
(3) POSTAL SERVICES- The Commission may use the United States mails in the same manner and under the same conditions as other departments and agencies of the Federal Government.
(4) GIFTS- The Commission may accept, use, and dispose of gifts or donations of services or property.
(d) COMMISSION PERSONNEL MATTERS-
(1) COMPENSATION OF MEMBERS- Each member of the Commission who is not an officer or employee of the Federal Government shall be compensated at a rate equal to the daily equivalent of the annual rate of basic pay prescribed for level IV of the Executive Schedule under section 5315 of title 5, United States Code, for each day (including travel time) during which such member is engaged in the performance of the duties of the Commission. All members of the Commission who are officers or employees of the United States shall serve without compensation in addition to that received for their services as officers or employees of the United States.
(2) TRAVEL EXPENSES- The members of the Commission shall be allowed travel expenses, including per diem in lieu of subsistence, at rates authorized for employees of agencies under subchapter I of chapter 57 of title 5, United States Code, while away from their homes or regular places of business in the performance of services for the Commission.
(A) IN GENERAL- The Chairman of the Commission may, without regard to the civil service laws and regulations, appoint and terminate an executive director and such other additional personnel as may be necessary to enable the Commission to perform its duties. The employment of an executive director shall be subject to confirmation by the Commission.
(B) COMPENSATION- The Chairman of the Commission may fix the compensation of the executive director and other personnel without regard to chapter 51 and subchapter III of chapter 53 of title 5, United States Code, relating to classification of positions and General Schedule pay rates, except that the rate of pay for the executive director and other personnel may not exceed the rate payable for level V of the Executive Schedule under section 5316 of such title.
(4) DETAIL OF GOVERNMENT EMPLOYEES- Any Federal Government employee may be detailed to the Commission without reimbursement, and such detail shall be without interruption or loss of civil service status or privilege.
(5) PROCUREMENT OF TEMPORARY AND INTERMITTENT SERVICES- The Chairman of the Commission may procure temporary and intermittent services under section 3109(b) of title 5, United States Code, at rates for individuals which do not exceed the daily equivalent of the annual rate of basic pay prescribed for level V of the Executive Schedule under section 5316 of such title.
(e) TERMINATION OF THE COMMISSION- The Commission shall terminate 90 days after the date on which the Commission submits its report under subsection (b).
(f) AUTHORIZATION OF APPROPRIATIONS- There are authorized to be appropriated such sums as are necessary to the Commission to carry out this section.
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