(ii) be filled within 45 days of the va-
cancy in the manner in which the original 
appointment was made. 
(5) HEARINGS.— 
(A) IN GENERAL.—In carrying out the du-
ties of the Commission 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. 
(B) OATHS.—The chairperson of the Com-
mission, or any member of the Commission au-
thorized by the chairperson, may administer 
oaths or affirmations to witnesses appearing be-
fore the Commission. 
(6) PROHIBITION
OF
COMPENSATION.—Mem-
bers of the Commission shall serve without pay. 
(d) OPERATION AND POWERS.— 
(1) MEETINGS.—The Commission shall meet 
not later than 30 days after the date upon which a 
majority of the members of the Commission have 
been appointed and at such times thereafter as the 
chairperson or co-chairperson shall determine. De-
tailed minutes of each meeting of the Commission, 
except for any closed session, shall be kept and shall 
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include a record of the persons present and a com-
plete and accurate description of matters discussed. 
(2) RULES OF PROCEDURE.—The chairperson 
and co-chairperson of the Commission shall, with the 
approval of a majority of the members of the Com-
mission, establish written rules of procedure for the 
Commission, which shall include a quorum require-
ment to conduct the business of the Commission. 
(3) HEARINGS.— 
(A) FREQUENCY.—The Commission shall 
hold no fewer than 2 hearings on matters to 
carry out the duties of the Commission under 
subsection (b). 
(B) TESTIMONY.—The Commission may 
take testimony and receive evidence as the 
Commission considers appropriate. 
(C) NOTICE.— 
(i) HEARINGS.—Timely public notice 
of each hearing of the Commission, includ-
ing the time, place, and agenda of the 
meeting, shall be provided by any means 
determined by the Commission to provide 
for wide publicity. 
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(ii) MEETINGS.—Timely notice of 
each regular meeting of the Commission 
shall be published in the Federal Register. 
(iii) COMMENTS.—Interested persons 
shall be permitted to submit written state-
ments regarding the matters on the agenda 
of the hearings of the Commission. 
SEC. 5. FUNDING. 
(a) PROHIBITION.—No additional funds are author-
ized to be appropriated to carry out this Act. 
(b) USE OF EXISTING FUNDS.—Any expenses re-
quired to carry out this Act shall be funded using amounts 
otherwise available to the Department of Housing and 
Urban Development or to the Federal Housing Finance 
Agency. 
SEC. 6. TERMINATION. 
The Commission shall terminate upon the submission 
of the report required under section 4(b). 
SEC. 7. STANDARD LEASE. 
(a) IN GENERAL.—The Director shall, in consulta-
tion with the enterprises, develop a standard site-lease 
agreement that the enterprises will certify provides suffi-
cient certainty to ensure that homes in manufactured 
housing communities utilizing the standard lease will be 
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eligible for purchase under the single-family mortgage pro-
grams of the enterprises. 
(b) SUBMISSION TO CONGRESS.—Not later than 1 
year after the date of enactment of this Act, the Director 
shall submit to the Committee on Banking, Housing, and 
Urban Affairs and the Committee on Financial Services 
of the House of Representatives a copy of the standard 
site-lease agreement developed under subsection (a). 
Æ 
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