Title 12, Banks and BankingRelease 119-102
§2406 Compensation of Members of Commission
Title 12 › CHAPTER 25 — NATIONAL COMMISSION ON ELECTRONIC FUND TRANSFERS › § 2406
Summary
Members who are federal officers or employees must serve on the Commission without extra pay, but their travel, meals, lodging, and other necessary costs while doing Commission work will be paid. Members who are not federal employees get $150 per day when working for the Commission and have the same travel and other necessary costs paid.
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
Aug 21, 2026
Release point: 119-102