(B) 1 member appointed by the minority 
leader of the House of Representatives. 
(C) 1 member appointed by the majority 
leader of the Senate. 
(D) 1 member appointed by the minority 
leader of the Senate. 
(E) 1 member appointed by the Speaker of 
the House of Representatives and the majority 
leader of the Senate, after consultation with the 
minority leader of the Senate and the minority 
leader of the House of Representatives. 
(2) PAY.—Each member of the Oversight Panel 
shall each be paid at a rate equal to the daily equiva-
lent of the annual rate of basic pay for level I of the 
Executive Schedule for each day (including travel 
time) during which such member is engaged in the 
actual performance of duties vested in the Commis-
sion. 
(3) PROHIBITION
OF
COMPENSATION
OF
FED-
ERAL EMPLOYEES.—Members of the Oversight Panel 
who are full-time officers or employees of the United 
States or Members of Congress may not receive addi-
tional pay, allowances, or benefits by reason of their 
service on the Oversight Panel.
(4) TRAVEL EXPENSES.—Each member shall re-
ceive travel expenses, including per diem in lieu of 
subsistence, in accordance with applicable provisions 
under subchapter I of chapter 57 of title 5, United 
States Code. 
(5) QUORUM.—Four members of the Oversight 
Panel shall constitute a quorum but a lesser number 
may hold hearings. 
(6) VACANCIES.—A vacancy on the Oversight 
Panel shall be filled in the manner in which the origi-
nal appointment was made. 
(7) MEETINGS.—The Oversight Panel shall meet 
at the call of the Chairperson or a majority of its 
members. 
(d) STAFF.— 
(1) IN GENERAL.—The Oversight Panel may ap-
point and fix the pay of any personnel as the Com-
mission considers appropriate. 
(2) EXPERTS AND CONSULTANTS.—The Oversight 
Panel may procure temporary and intermittent serv-
ices under section 3109(b) of title 5, United States 
Code. 
(3) STAFF OF AGENCIES.—Upon request of the 
Oversight Panel, the head of any Federal department 
or agency may detail, on a reimbursable basis, any
of the personnel of that department or agency to the 
Oversight Panel to assist it in carrying out its duties 
under this Act. 
(e) POWERS.— 
(1) HEARINGS
AND
SESSIONS.—The Oversight 
Panel may, for the purpose of carrying out this sec-
tion, hold hearings, sit and act at times and places, 
take testimony, and receive evidence as the Panel con-
siders appropriate and may administer oaths or af-
firmations to witnesses appearing before it. 
(2) POWERS OF MEMBERS AND AGENTS.—Any 
member or agent of the Oversight Panel may, if au-
thorized by the Oversight Panel, take any action 
which the Oversight Panel is authorized to take by 
this section. 
(3) OBTAINING OFFICIAL DATA.—The Oversight 
Panel may secure directly from any department or 
agency of the United States information necessary to 
enable it to carry out this section. Upon request of the 
Chairperson of the Oversight Panel, the head of that 
department or agency shall furnish that information 
to the Oversight Panel. 
(4) REPORTS.—The Oversight Panel shall receive 
and consider all reports required to be submitted to 
the Oversight Panel under this Act.
(f) TERMINATION.—The Oversight Panel shall termi-
nate 6 months after the termination date specified in sec-
tion 120. 
(g) FUNDING FOR EXPENSES.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Over-
sight Panel such sums as may be necessary for any 
fiscal year, half of which shall be derived from the ap-
plicable account of the House of Representatives, and 
half of which shall be derived from the contingent 
fund of the Senate. 
(2) REIMBURSEMENT OF AMOUNTS.—An amount 
equal to the expenses of the Oversight Panel shall be 
promptly transferred by the Secretary, from time to 
time upon the presentment of a statement of such ex-
penses by the Chairperson of the Oversight Panel, 
from funds made available to the Secretary under this 
Act to the applicable fund of the House of Representa-
tives and the contingent fund of the Senate, as appro-
priate, as reimbursement for amounts expended from 
such account and fund under paragraph (1). 
SEC. 126. FDIC AUTHORITY. 
(a) IN GENERAL.—Section 18(a) of the Federal De-
posit Insurance Act (12 U.S.C. 1828(a)) is amended by 
adding at the end the following new paragraph: