Title 12 — Banks and BankingRelease 119-73not60
§2406 Compensation of Members of Commission
Title 12 › Chapter 25— NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS › § 2406
Summary
Federal employees on the Commission get no extra pay but are reimbursed for travel, lodging, and other necessary expenses; members who are not federal employees are paid $150 per day when working for the Commission and get the same expenses reimbursed.
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 3, 2026
Release point: 119-73not60