HR 1107 RFS 
(7) Work with the Administrator and the Federal Acquisition Regu-
latory Council to promote the business practices referred to in para-
graph (4) and other results of the functions carried out under this sub-
section. 
CHAPTER 15—COST ACCOUNTING STANDARDS 
Sec. 
1501.
Cost Accounting Standards Board. 
1502.
Cost accounting standards. 
1503.
Contract price adjustment. 
1504.
Effect on other standards and regulations. 
1505.
Examinations. 
1506.
Authorization of appropriations. 
§ 1501. Cost Accounting Standards Board 
(a) ORGANIZATION.—The Cost Accounting Standards Board is an inde-
pendent board in the Office of Federal Procurement Policy. 
(b) MEMBERSHIP.— 
(1) NUMBER OF MEMBERS, CHAIRMAN, AND APPOINTMENT.—The 
Board consists of 5 members. One member is the Administrator, who 
serves as Chairman. The other 4 members, all of whom shall have expe-
rience in Federal Government contract cost accounting, are as follows: 
(A) 2 representatives of the Federal Government— 
(i) one of whom is a representative of the Department of 
Defense appointed by the Secretary of Defense; and 
(ii) one of whom is an officer or employee of the General 
Services Administration appointed by the Administrator of 
General Services. 
(B) 2 individuals from the private sector, each of whom is ap-
pointed by the Administrator, and— 
(i) one of whom is a representative of industry; and 
(ii) one of whom is particularly knowledgeable about cost 
accounting problems and systems. 
(2) TERM OF OFFICE.— 
(A) LENGTH OF TERM.—The term of office of each member, 
other than the Administrator, is 4 years. The terms are staggered, 
with the terms of 2 members expiring in the same year, the term 
of another member expiring the next year, and the term of the last 
member expiring the year after that. 
(B) INDIVIDUAL
REQUIRED
TO
REMAIN
WITH
APPOINTING 
AGENCY.—A member appointed under paragraph (1)(A) may not 
continue to serve after ceasing to be an officer or employee of the 
agency from which that member was appointed. 
(3) VACANCY.—A vacancy on the Board shall be filled in the same 
manner in which the original appointment was made. A member ap-
VerDate Nov 24 2008 
23:59 May 07, 2009
Jkt 079200
PO 00000
Frm 00024
Fmt 6652
Sfmt 6221
E:\BILLS\H1107.RFS
H1107
wwoods2 on PRODPC68 with BILLS
HR 1107 RFS 
pointed to fill a vacancy serves for the remainder of the term for which 
that member’s predecessor was appointed. 
(c) SENIOR STAFF.—The Administrator, after consultation with the 
Board, may— 
(1) appoint an executive secretary and 2 additional staff members 
without regard to the provisions of title 5 governing appointments in 
the competitive service; and 
(2) pay those employees without regard to the provisions of chapter 
51 and subchapter III of chapter 53 of title 5 relating to classification 
and General Schedule pay rates, except that those employees may not 
receive pay in excess of the maximum rate of basic pay payable under 
section 5376 of title 5. 
(d) OTHER STAFF.—The Administrator may appoint, fix the compensa-
tion of, and remove additional employees of the Board under the applicable 
provisions of title 5. 
(e) DETAILED AND TEMPORARY PERSONNEL.—For service on advisory 
committees and task forces to assist the Board in carrying out its functions 
and responsibilities— 
(1) the Board, with the consent of the head of a Federal agency, 
may use, without reimbursement, personnel of that agency; and 
(2) the Administrator, after consultation with the Board, may pro-
cure temporary and intermittent services of personnel under section 
3109(b) of title 5. 
(f) COMPENSATION.— 
(1) OFFICERS AND EMPLOYEES OF THE GOVERNMENT.—Members of 
the Board who are officers or employees of the Federal Government, 
and officers and employees of other agencies of the Federal Govern-
ment who are used under subsection (e)(1), shall not receive additional 
compensation for services but shall continue to be compensated by the 
employing department or agency of the officer or employee. 
(2) APPOINTEES
FROM
PRIVATE
SECTOR.—Each member of the 
Board appointed from the private sector shall receive compensation at 
a rate not to exceed the daily equivalent of the rate for level IV of the 
Executive Schedule for each day (including travel time) in which the 
member is engaged in the actual performance of duties vested in the 
Board. 
(3) TEMPORARY AND INTERMITTENT PERSONNEL.—An individual 
hired under subsection (e)(2) may receive compensation at a rate fixed 
by the Administrator, but not to exceed the daily equivalent of the rate 
for level V of the Executive Schedule for each day (including travel 
VerDate Nov 24 2008 
23:59 May 07, 2009
Jkt 079200
PO 00000
Frm 00025
Fmt 6652
Sfmt 6221
E:\BILLS\H1107.RFS
H1107
wwoods2 on PRODPC68 with BILLS