(B) could be used as a basis for estab-
lishing covered pricing incentives under the cov-
ered loan programs that comply with section 
2(c). 
(2) STANDARD
FOR
DETERMINATIONS.—Any 
determination by the Commission to approve a con-
sumer protection in the proposed standards required 
under paragraph (1) shall be made by a vote of a 
simple majority of the members of the Commission. 
(c) MEMBERSHIP.— 
(1) NUMBER AND APPOINTMENT.—The Com-
mission shall be composed of 14 members, as fol-
lows: 
(A) The Secretary of Housing and Urban 
Development (or the Secretary’s designee). 
(B) The Director of the Federal Housing 
Finance Agency (or the Director’s designee). 
(C) Three each shall be appointed by the 
Speaker of the House of Representatives, the 
minority leader of the House of Representa-
tives, the majority leader of the Senate, and the 
minority leader of the Senate. Of the three 
members appointed by each such officer— 
(i) one shall be employed at the time 
of appointment as a professor or academic 
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researcher with demonstrated background 
in housing and consumer protection issues, 
especially as they relate to manufactured 
housing; 
(ii) one shall be a current or former 
member of Congress; and 
(iii) one shall be a current resident 
and tenant at a manufactured housing 
community. 
(2) CHAIRPERSON AND CO-CHAIRPERSON.— 
(A) CHAIRPERSON.—The chairperson of 
the Commission shall be designated by the 
President from among the members of the 
Commission. 
(B) CO-CHAIRPERSON.—The co-chairper-
son shall be selected as follows: 
(i) DESIGNATION
BY
SPEAKER
OF 
THE HOUSE.—If, on the date of appoint-
ment, the Speaker of the House is of a dif-
ferent political party than the President, 
the Speaker of the House shall designate 
the co-chairperson from among the mem-
bers of the Commission. 
(ii) DESIGNATION BY MINORITY LEAD-
ER OF THE HOUSE.—If, on the date of ap-
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pointment, the Speaker of the House is of 
the same political party as the President, 
the minority leader of the House shall des-
ignate the co-chairperson from among the 
members of the Commission. 
(3) TIMING OF APPOINTMENTS.—Appointments 
to the Commission shall be made not later than 45 
days after the date of the enactment of this Act. 
(4) TERMS; VACANCIES.—Each member shall be 
appointed for the life of the Commission. Any va-
cancy in the Commission shall not affect its powers 
and shall be filled within 45 days of the vacancy in 
the manner in which the original appointment was 
made. 
(5) HEARINGS.—In carrying out its duties 
under this section, the Commission is authorized to 
hold such hearings and take testimony with respect 
to matters to which it has a responsibility under this 
section. The chairperson, or any member authorized 
by the chairperson, may administer oaths or affirma-
tions to witnesses appearing before the Commission. 
(6) PROHIBITION
OF
COMPENSATION.—Mem-
bers of the Commission shall serve without pay. 
(d) OPERATION AND POWERS.— 
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(1) MEETINGS.—The Commission shall meet 
not later than 30 days after the date upon which a 
majority of its members have been appointed and at 
such times thereafter as the chairperson or co-chair-
person shall determine. Detailed minutes of each 
meeting of the Commission, except for any closed 
session, shall be kept and shall include a record of 
the persons present and a complete and accurate de-
scription of matters discussed. 
(2) RULES OF PROCEDURE.—The chairperson 
and co-chairperson shall, with the approval of a ma-
jority of the members of the Commission, establish 
written rules of procedure for the Commission, 
which shall include a quorum requirement to con-
duct the business of the Commission. 
(3) HEARINGS.—The Commission shall hold no 
fewer than 2 hearings on matters to carry out its 
duties under subsection (b). The Commission may 
take testimony and receive evidence as the Commis-
sion considers appropriate. Timely public notice of 
each hearing, including the time, place, and agenda 
of the meeting, shall be provided by any means de-
termined by the Commission to provide for wide 
publicity. Timely notice of each regular meeting 
shall be published in the Federal Register. Inter-
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ested persons shall be permitted to submit written 
statements regarding the matters on the agenda of 
such hearings. 
SEC. 4. DEFINITIONS. 
For purposes of this Act, the following definitions 
shall apply: 
(1) AFFILIATE.—Except as provided by the 
Secretary of Housing and Urban Development or the 
Director of the Federal Housing Finance Agency, as 
applicable, the term ‘‘affiliate’’ means, with respect 
to a borrower referred to in section 2(a), any entity 
that controls, is controlled by, or is under common 
control with, the borrower. 
(2) COVERED LOAN PROGRAM.—The term ‘‘cov-
ered loan program’’ means any of the following pro-
grams: 
(A) The program under section 207 of the 
National Housing Act (12 U.S.C. 1713) for in-
surance of loans for financing for the construc-
tion or substantial rehabilitation of manufac-
tured home parks. 
(B) The program of the Federal National 
Mortgage Association for multifamily loans for 
manufactured housing communities. 
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