Title 12 — Banks and BankingRelease 119-73
§2406 Compensation of members of Commission
Title 12 › Chapter CHAPTER 25— - NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS › § 2406
Summary
Federal employees who serve on the Commission get no extra pay but are repaid for travel, subsistence, and other necessary expenses. Members who are not federal employees are paid $150 per day when working for the Commission and are also repaid for those expenses.
Full Legal Text
Title 12, §2406
Banks and Banking — Source: USLM XML via OLRC
(a)A member of the Commission who is an officer or employee of the United States shall serve as a member of the Commission without additional compensation, but shall be entitled to reimbursement for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission.
(b)A member of the Commission who is not otherwise an officer or employee of the United States shall be compensated at a rate of $150 per day when engaged in the performance of his duties as a member of the Commission, and shall also be reimbursed for travel, subsistence, and other necessary expenses incurred in the performance of his duties as a member of the Commission.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2406
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73