In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Grand Staircase Escalante 
Enhancement Act''.

SEC. 2. TABLE OF CONTENTS.

    The table of contents for this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.
Sec. 3. Definitions.
Sec. 4. Establishment of Escalante Canyons National Park and Preserve.
Sec. 5. Withdrawals.
Sec. 6. Map and legal description.
Sec. 7. Grand Staircase National Monument.
Sec. 8. Kaiparowits National Monument.
Sec. 9. Escalante Canyons National Monument.
Sec. 10. Escalante Canyons National Park and Preserve, Grand Staircase 
                            National Monument, Kaiparowits National 
                            Monument, and Escalante Canyons National 
                            Monument Management Council.
Sec. 11. Federal land manager adherence.
Sec. 12. Clarification.
Sec. 13. Restoration of land status.
Sec. 14. Hole in the Rock Road.
Sec. 15. Effect on proclamations.

SEC. 3. DEFINITIONS.

    In this Act:
            (1) Management council.--The term ``Management Council'' 
        means the council established under section 10.
            (2) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 4. ESTABLISHMENT OF ESCALANTE CANYONS NATIONAL PARK AND PRESERVE.

    (a) Establishment.--There is hereby established within the 
Escalante Canyons National Monument the ``Escalante Canyons National 
Park and Preserve'' in the State of Utah.
    (b) Boundaries.--The boundaries of Escalante Canyons National Park 
and Preserve are as generally depicted on the map entitled ``____'', 
numbered ___, and dated ____. The map shall be on file and available 
for public inspection in the appropriate offices of the National Park 
Service.
    (c) Purpose.--The purpose of the Escalante Canyons National Park 
and Preserve shall be to protect, conserve, and enhance in the 
Escalante Canyons National Park and Preserve--
            (1) the unique and nationally important historic, natural, 
        scenic, and natural resources;
            (2) recreation, including hunting; and
            (3) grazing.

SEC. 5. WITHDRAWALS.

    Subject to valid existing rights, any Federal land within the 
Escalante Canyons National Park and Preserve, including any land or 
interest in land that is acquired by the United States after the date 
of enactment of this Act, is withdrawn from--
            (1) entry, appropriation, or disposal under the public land 
        laws;
            (2) location, entry, and patent under the mining laws; and
            (3) operation of the mineral leasing, mineral materials, 
        and geothermal leasing laws.

SEC. 6. MAP AND LEGAL DESCRIPTION.

    (a) In General.--As soon as practicable after the date of the 
enactment of this Act, the Secretary shall submit to the Committee on 
Natural Resources of the House of Representatives and the Committee on 
Energy and Natural Resources of the Senate a map and legal description 
of the Escalante Canyons National Park and Preserve.
    (b) Force and Effect.--The map and legal description submitted 
under this section shall have the same force and effect as if included 
in this Act, except that the Secretary may make minor modifications of 
any clerical or typographical errors in the map or legal description 
provided these changes are first reported to the State of Utah, 
Garfield and Kane Counties in Utah, and the Management Council.

SEC. 7. GRAND STAIRCASE NATIONAL MONUMENT.

    (a) Establishment.--Subject to valid existing rights, the Federal 
land comprising approximately 211,983 acres, identified as ``Grand 
Staircase Unit'' and generally depicted on the map entitled ``Grand 
Staircase-Escalante National Monument Modification'' is hereby 
established as the ``Grand Staircase National Monument''.
    (b) Purpose.--The purpose of the Grand Staircase National Monument 
shall be to protect, conserve, and enhance the monument's--
            (1) unique and nationally important historic, scenic, and 
        natural resources;
            (2) recreation, including hunting; and
            (3) grazing.
    (c) Map.--
            (1) As soon as practicable after the date of the enactment 
        of this Act, the Secretary shall submit to the Committee on 
        Natural Resources of the House of Representatives and the 
        Committee on Energy and Natural Resources of the Senate a map 
        and legal description of the Grand Staircase National Monument 
        established in this section.
            (2) The map and legal description submitted under this 
        section shall have the same force and effect as if included in 
        this title, except that the Secretary may make minor 
        modification of any clerical or typographical errors in the map 
        or legal description provided these changes are first reported 
        to the State of Utah, Kane County, Utah, and the Management 
        Council.
            (3) A copy of the map and legal description shall be on 
        file and available for public inspection in the appropriate 
        field offices of the Bureau of Land Management.

SEC. 8. KAIPAROWITS NATIONAL MONUMENT.

    (a) Establishment.--Subject to valid existing rights, the Federal 
land comprising approximately 551,117 acres, identified as 
``Kaiparowits Unit'' and generally depicted on the map entitled ``Grand 
Staircase-Escalante National Monument Modification'' is hereby 
established as the ``Kaiparowits National Monument''.
    (b) Purpose.--The purpose of the Kaiparowits National Monument 
shall be to protect, conserve, and enhance the monument's--
            (1) unique and nationally important historic, scenic, and 
        natural resources;
            (2) recreation, including hunting; and
            (3) grazing.
    (c) Map.--
            (1) As soon as practicable after the date of the enactment 
        of this Act, the Secretary shall submit to the Committee on 
        Natural Resources of the House of Representatives and the 
        Committee on Energy and Natural Resources of the Senate a map 
        and legal description of the Kaiparowits National Monument 
        established in this section.
            (2) The map and legal description submitted under this 
        section shall have the same force and effect as if included in 
        this title, except that the Secretary may make minor 
        modification of any clerical or typographical errors in the map 
        or legal description provided these changes are first reported 
        to the State of Utah, Kane and Garfield Counties, Utah, and the 
        Management Council.
            (3) A copy of the map and legal description shall be on 
        file and available for public inspection in the appropriate 
        field offices of the Bureau of Land Management.

SEC. 9. ESCALANTE CANYONS NATIONAL MONUMENT.

    (a) Establishment.--Subject to the valid existing rights, the 
Federal land comprising approximately 243,241 acres, identified as 
``Escalante Canyons Unit'' and generally depicted on the map entitled 
``Grand Staircase-Escalante National Monument Modification'' is hereby 
established as the ``Escalante Canyons National Monument''.
    (b) Purpose.--The purpose of the Escalante Canyons National 
Monument shall be to protect, conserve, and enhance the monument's--
            (1) unique and nationally important historic, scenic, and 
        natural resources;
            (2) recreation, including hunting; and
            (3) grazing.
    (c) Map.--
            (1) As soon as practicable after the date of the enactment 
        of this Act, the Secretary shall submit to the Committee on 
        Natural Resources of the House of Representatives and the 
        Committee on Energy and Natural Resources of the Senate a map 
        and legal description of the Escalante Canyons National 
        Monument established in this section.
            (2) The map and legal description submitted under this 
        section shall have the same force and effect as if included in 
        this title, except that the Secretary may make minor 
        modification of any clerical or typographical errors in the map 
        or legal description provided these changes are first reported 
        to the State of Utah, Garfield County, Utah, and the Management 
        Council.
            (3) A copy of the map and legal description shall be on 
        file and available for public inspection in the appropriate 
        field offices of the Bureau of Land Management.

SEC. 10. ESCALANTE CANYONS NATIONAL PARK AND PRESERVE, GRAND STAIRCASE 
              NATIONAL MONUMENT, KAIPAROWITS NATIONAL MONUMENT, AND 
              ESCALANTE CANYONS NATIONAL MONUMENT MANAGEMENT COUNCIL.

    (a) Establishment.--The Management Council is hereby established.
    (b) Duties.--The Management Council shall develop and implement the 
comprehensive management plans for the Escalante Canyons National Park 
and Preserve, the Grand Staircase National Monument, the Kaiparowits 
National Monument, and the Escalante Canyons National Monument 
consistently with the purposes of those areas as provided in this Act.
    (c) Membership.--The Management Council shall be composed of 7 
members appointed not later than 180 days after the date of the 
enactment of this Act as follows:
            (1) One individual from the Department of Interior, 
        appointed by the President.
            (2) Five individuals, appointed by the President in 
        consultation with the Congressional delegation from the State 
        of Utah and the Governor of Utah, who shall represent the 
        following:
                    (A) Two from the Garfield County, Utah, Board of 
                Commissioners.
                    (B) Two from the Kane County, Utah, Board of 
                Commissioners.
                    (C) One Utah State Legislator representing Kane 
                County, Garfield County, or both.
            (3) One at-large representative appointed by the President.
    (d) Qualifications.--The members appointed under subsections (c)(2) 
and (3) shall not be employees of the Federal Government.
    (e) Terms.--The President shall appoint the members under 
subsections (c)(2) and (3) for a term of 5 years, except that the 
President shall designate staggered terms for the members initially 
appointed to the Management Council. The President may reappoint a 
member to not more than three consecutive terms.
    (f) Vacancies.--Vacancies of members appointed under subsections 
(c)(2) and (3) shall be filled in the same manner as such positions 
were originally filled as soon as practicable after the vacancy has 
occurred.
    (g) Compensation.--Members appointed under subsections (c)(2) and 
(3) shall serve without pay, except for reasonable travel expenses, 
including per diem in lieu of subsistence, at the rate authorized for 
employees of agencies under subchapter I of chapter 57 of title 5, 
United States Code, while away from their homes or regular places of 
business in the performance of duties for the Council.
    (h) Chair.--The members shall select the chair of the Management 
Council from the members appointed under subsection (c)(2) and (3) for 
a term beginning on the date of selection, and ending in 5 years or 
until the member's term of office expires, whichever occurs first.
    (i) Staff Assistance.--The Management Council may request 
administrative assistance from Federal employees under the jurisdiction 
of the Secretary of the Interior or the Secretary of Agriculture.
    (j) Meetings.--
            (1) Frequency.--The Management Council shall meet at the 
        call of the Chair or a majority of the members. Meetings shall 
        be held no less than once per year. A majority must be present 
        to constitute a quorum to conduct official business.
            (2) Announcement; open meetings.--All meetings of the 
        Management Council shall be announced at least one week in 
        advance in publications of general circulation and shall be 
        open to the public.
    (k) Administration.--
            (1) The Management Council shall allow hunting, fishing and 
        trapping on lands and water under the jurisdiction of the 
        Secretary within the Escalante Canyons National Park and 
        Preserve in accordance with the applicable laws of the State of 
        Utah.
            (2) The Management Council shall ensure that the privilege 
        of grazing domestic livestock on lands with the Escalante 
        Canyons National Park and Preserve shall continue to be 
        exercised and enhanced in perpetuity. Grazing within the 
        Escalante Canyons National Park and Preserve shall be 
        administered by the National Park Service.

SEC. 11. FEDERAL LAND MANAGER ADHERENCE.

    Federal land managers shall adhere to the management plans created 
by the Management Council.

SEC. 12. CLARIFICATION.

    Nothing in this Act affects the jurisdiction of the State of Utah 
with respect to the management of fish, wildlife and predators in the 
State.

SEC. 13. RESTORATION OF LAND STATUS.

    Subject to valid existing rights, the provisions of existing 
withdrawals, and the requirements of applicable law, the public lands 
excluded from the monument reservation under Presidential Proclamation 
___, dated December 4, 2017, and issued under chapter 3203 of title 54, 
United States Code, shall be open to:
            (1) entry, location, selection, sale or other disposition 
        under the public land laws;
            (2) disposition under all laws relating to mineral and 
        geothermal leasing; and
            (3) location, entry, and patent under the mining laws.

SEC. 14. HOLE IN THE ROCK ROAD.

    The Secretary shall convey to the State of Utah all right, title 
and interest of the United States in and to the Hole in the Rock Road 
(BLM Road 200).

SEC. 15. EFFECT ON PROCLAMATIONS.

    Any provision of Presidential Proclamation 6920, dated September 
18, 1996, and Presidential Proclamation ____, dated December 4, 2017, 
and issued under chapter 3203 of title 54, United States Code, that is 
inconsistent with this Act is hereby declared null and void.

Output: Grand Staircase Escalante Enhancement Act This bill establishes the Escalante Canyons National Park and Preserve within the Escalante Canyons National Monument (established by this bill and consisting of approximately 243,241 acres) in Utah.  Federal lands within the park and preserve, including lands or interests acquired by the United States afterwards, are withdrawn from:  entry, appropriation, or disposal under the public land laws; location, entry, and patent under the mining laws; and  operation of the mineral leasing, mineral materials, and geothermal leasing laws.   The bill also establishes the Grand Staircase National Monument (consisting of approximately 211,983 acres) and the Kaiparowits National Monument (consisting of approximately 551,117 acres). A management council shall implement comprehensive management plans for the park and preserve and the monuments. Federal land managers must adhere to the management plans created by the council. The public lands excluded from the lands and interests in lands reserved within the modified boundaries of the Grand Staircase-Escalante National Monument under the Presidential Proclamation dated December 4, 2017, shall be open to:  entry, location, selection, sale, or other disposition under the public land laws; disposition under all laws related to mineral and geothermal leasing; and  location, entry, and patent under the mining laws.   Interior shall convey to the state of Utah the Hole in the Rock Road (BLM [Bureau of Land Management] Road 200). 


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Insurance Capital 
Standards Accountability Act of 2015''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the Secretary of the Treasury, Board of Governors of 
        the Federal Reserve System, and Director of the Federal 
        Insurance Office shall support increasing transparency at any 
        global insurance or international standard-setting regulatory 
        or supervisory forum in which they participate, including 
        supporting and advocating for greater public observer access to 
        working groups and committee meetings of the International 
        Association of Insurance Supervisors; and
            (2) to the extent that the Secretary of the Treasury, Board 
        of Governors of the Federal Reserve System, and Director of the 
        Federal Insurance Office take a position or reasonably intend 
        to take a position on an insurance proposal by a global 
        insurance regulatory or supervisory forum, the Secretary of the 
        Treasury, Board of Governors of the Federal Reserve System, and 
        Director of the Federal Insurance Office shall achieve 
        consensus positions with State insurance regulators through the 
        National Association of Insurance Commissioners, when they are 
        United States participants in negotiations on insurance issues 
        before the International Association of Insurance Supervisors, 
        Financial Stability Board, or any other international forum of 
        financial regulators or supervisors that considers such issues.

SEC. 3. INSURANCE POLICY ADVISORY COMMITTEE.

    (a) Establishment.--There is established the Insurance Policy 
Advisory Committee on International Capital Standards and Other 
Insurance Issues at the Board of Governors of the Federal Reserve 
System.
    (b) Membership.--The Commission shall be composed of not more than 
21 members, all of whom represent a diverse set of expert perspectives 
from the various sectors of the United States insurance industry, 
including life insurance, property and casualty insurance and 
reinsurance, agents and brokers, academics, consumer advocates, or 
experts on issues facing underserved insurance communities and 
consumers.

SEC. 4. REPORTS.

    (a) In General.--
            (1) Reports and testimony by secretary of the treasury and 
        chairman of the federal reserve.--
                    (A) In general.--The Secretary of the Treasury and 
                the Chairman of the Federal Reserve, or their designee, 
                shall submit to the Banking, Housing, and Urban Affairs 
                Committee of the Senate, and the Financial Services 
                Committee of the House of Representatives, an annual 
                report and provide annual testimony to the Banking, 
                Housing, and Urban Affairs Committee of the Senate, and 
                the Financial Services Committee of the House of 
                Representatives on the efforts of the Secretary and the 
                Chairman with the National Association of Insurance 
                Commissioners with respect to global insurance 
                regulatory or supervisory forums, including--
                            (i) a description of the insurance 
                        regulatory or supervisory standard-setting 
                        issues under discussion at international 
                        standard-setting bodies, including the 
                        Financial Stability Board and the International 
                        Association of Insurance Supervisors;
                            (ii) a description of the effects that 
                        proposals discussed at international insurance 
                        regulatory or supervisory forums of insurance 
                        could have on consumer and insurance markets in 
                        the United States;
                            (iii) a description of any position taken 
                        by the Secretary of the Treasury, Board of 
                        Governors of the Federal Reserve System, and 
                        Director of the Federal Insurance Office in 
                        international insurance discussions; and
                            (iv) a description of the efforts by the 
                        Secretary of the Treasury, Director of the 
                        Federal Insurance Office, and the Board of 
                        Governors of the Federal Reserve System to 
                        increase transparency at the Financial 
                        Stability Board with respect to insurance 
                        proposals and the International Association of 
                        Insurance Supervisors, including efforts to 
                        provide additional public access to working 
                        groups and committees of the International 
                        Association of Insurance Supervisors.
                    (B) Termination.--This paragraph shall terminate on 
                December 31, 2018.
            (2) Reports and testimony by national association of 
        insurance commissioners.--The National Association of Insurance 
        Commissioners may provide testimony to Congress on the issues 
        described in paragraph (1)(A).
            (3) Joint report by the chairman of the federal reserve and 
        the director of the federal insurance office.--
                    (A) In general.--The Secretary of the Treasury, 
                Chairman of the Federal Reserve, and the Director of 
                the Federal Insurance Office shall, in consultation 
                with the National Association of Insurance 
                Commissioners, complete a study on, and submit to 
                Congress a report on the results of the study, the 
                impact on consumers and markets in the United States 
                before supporting or consenting to the adoption of any 
                key elements in any international insurance proposal or 
                international insurance capital standard.
                    (B) Notice and comment.--
                            (i) Notice.--The Secretary of the Treasury, 
                        Chairman of the Federal Reserve, and the 
                        Director of the Federal Insurance Office shall 
                        provide notice before the date on which 
                        drafting the report is commenced and after the 
                        date on which the draft of the report is 
                        completed.
                            (ii) Opportunity for comment.--There shall 
                        be an opportunity for public comment for a 
                        period beginning on the date on which the 
                        report is submitted under subparagraph (A) and 
                        ending on the date that is 60 days after the 
                        date on which the report is submitted.
                    (C) Review by comptroller general.--The Secretary 
                of the Treasury, Chairman of the Federal Reserve, and 
                the Director of the Federal Insurance Office shall 
                submit to the Comptroller General of the United States 
                the report described in subparagraph (A) for review.
            (4) Report on reduction in transparency.--Not later than 
        180 days after the date of enactment of this Act, the Chairman 
        of the Federal Reserve and the Secretary of the Treasury, or 
        their designees, shall submit to Congress a report and provide 
        testimony to Congress on the efforts of the Chairman and the 
        Secretary to increase transparency at meetings of the 
        International Association of Insurance Supervisors.

Output: International Insurance Capital Standards Accountability Act of 2015 This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers).  The Secretary of the Treasury and the Board Chairman shall report annually to certain congressional committees on their efforts with the National Association of Insurance Commissioners regarding global insurance regulatory or supervisory forums. The Secretary, the Board Chairman, and the Director of the Federal Insurance Office, before supporting or consenting to the adoption of any key element in any international insurance proposal or international insurance capital standard, must study its impact upon U.S. markets and consumers.  The Secretary and the Board Chairman must also report, as well as testify to Congress on their efforts to increase transparency at meetings of the International Association of Insurance Supervisors.


Input: Consider Input: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Markets Commission Act of 
2009''.

SEC. 2. ESTABLISHMENT OF COMMISSION.

    There is established in the legislative branch the Financial 
Markets Commission (in this Act referred to as the ``Commission'') to 
examine all causes, domestic and global, of the current financial and 
economic crisis in the United States.

SEC. 3. COMPOSITION OF THE COMMISSION.

    (a) Members.--The Commission shall be composed of 7 members, of 
whom--
            (1) 2 members shall be appointed by the President;
            (2) 1 member shall be appointed by the majority leader of 
        the Senate;
            (3) 1 member shall be appointed by the Speaker of the House 
        of Representatives;
            (4) 1 member shall be appointed by the minority leader of 
        the Senate;
            (5) 1 member shall be appointed by the minority leader of 
        the House of Representatives; and
            (6) 1 member shall be appointed by the Chairman of the 
        Board of Governors of the Federal Reserve System.
    (b) Qualifications.--It is the sense of Congress that individuals 
appointed to the Commission should be United States citizens with 
national recognition and significant depth of experience in such fields 
as governmental regulation, finance, economics, and housing.
    (c) Chairperson; Vice Chairperson.--
            (1) In general.--Subject to the requirement of paragraph 
        (2), the Chairperson and Vice Chairperson of the Commission 
        shall be elected by the members.
            (2) Political party affiliation.--The Chairperson and Vice 
        Chairperson shall not be from the same political party.
    (d) Initial Meeting.--If 45 days after the date of enactment of 
this Act, 4 or more members of the Commission have been appointed, 
those members who have been appointed may meet and, if necessary, 
select a temporary Chairperson and Vice Chairperson, who may begin the 
operations of the Commission, including the hiring of staff.
    (e) Quorum; Vacancies.--After the initial meeting of the 
Commission, the Commission shall meet upon the call of the Chairperson 
or a majority of its members. Four members of the Commission shall 
constitute a quorum. Any vacancy on the Commission shall not affect its 
powers, but shall be filled in the same manner in which the original 
appointment was made.

SEC. 4. FUNCTIONS OF THE COMMISSION.

    The functions of the Commission are--
            (1) to examine all causes, domestic and global, of the 
        current financial and economic crisis in the United States, 
        including the collapse of major financial and commercial firms 
        and the deterioration of the credit and housing markets;
            (2) to investigate the role in the financial and economic 
        crisis, if any, of--
                    (A) the Securities and Exchange Commission;
                    (B) nationally recognized statistical rating 
                organizations, as that term is defined in section 3(a) 
                of the Securities Exchange Act of 1934 (15 U.S.C. 
                78c(a));
                    (C) the Commodity Futures Trading Commission;
                    (D) the Federal National Mortgage Association and 
                the Federal Home Loan Mortgage Corporation;
                    (E) trading facilities for commodities, as those 
                terms are defined in section 1a of the Commodity 
                Exchange Act (7 U.S.C. 1a), and self-regulatory 
                organizations, as that term is defined in section 3 of 
                the Securities Exchange Act of 1934 (15 U.S.C. 78c);
                    (F) the Federal banking agencies, as that term is 
                defined in section 3 of the Federal Deposit Insurance 
                Act (12 U.S.C. 1813);
                    (G) any financial or commercial corporation, 
                partnership, or entity; and
                    (H) any other governmental or non-governmental 
                entity;
            (3) to submit a report under section 8 of this Act; and
            (4) to refer to the Attorney General of the United States 
        and any appropriate State attorney general any person that the 
        Commission finds may have violated the laws of the United 
        States in relation to such crisis.

SEC. 5. POWERS OF THE COMMISSION.

    (a) Hearings and Evidence.--The Commission may, for purposes of 
carrying out this Act--
            (1) hold hearings, sit and act at times and places, take 
        testimony, receive evidence, and administer oaths; and
            (2) require, by subpoena or otherwise, the attendance and 
        testimony of witnesses and the production of books, records, 
        correspondence, memoranda, papers, and documents.
    (b) Subpoenas.--
            (1) Service.--Subpoenas issued under subsection (a)(2) may 
        be served by any person designated by the Commission.
            (2) Enforcement.--
                    (A) In general.--In the case of contumacy or 
                failure to obey a subpoena issued under subsection 
                (a)(2), the United States district court for the 
                judicial district in which the subpoenaed person 
                resides, is served, or may be found, or where the 
                subpoena is returnable, may issue an order requiring 
                such person to appear at any designated place to 
                testify or to produce documentary or other evidence. 
                Any failure to obey the order of the court may be 
                punished by the court as a contempt of that court.
                    (B) Additional enforcement.--Sections 102 through 
                104 of the Revised Statutes of the United States (2 
                U.S.C. 192 through 194) shall apply in the case of any 
                failure of any witness to comply with any subpoena or 
                to testify when summoned under the authority of this 
                section.
    (c) Contracting.--The Commission may enter into contracts to enable 
the Commission to discharge its duties under this Act.
    (d) Information From Federal Agencies.--The Commission may secure 
directly from any department, agency, or instrumentality of the United 
States any information related to any inquiry of the Commission 
conducted under this Act. Each such department, agency, or 
instrumentality shall, to the extent authorized by law, furnish such 
information directly to the Commission upon request.
    (e) Assistance From Federal Agencies.--
            (1) Department of the treasury.--
                    (A) In general.--The Secretary of the Treasury 
                shall provide all amounts necessary to defray the costs 
                and provide administrative support and other services 
                to the Commission for the performance of the functions 
                of the Commission.
                    (B) Limitation.--The value of the assistance 
                required to be provided by the Secretary of the 
                Treasury under this paragraph may not exceed 
                $3,000,000.
            (2) Other departments and agencies.--In addition to the 
        assistance prescribed in paragraph (1), departments and 
        agencies of the United States are authorized to provide to the 
        Commission such services, funds, facilities, staff, and other 
        support services as they may determine advisable and as may be 
        authorized by law.
    (f) Gifts.--The Commission may accept, use, and dispose of gifts or 
donations of services or property.
    (g) Postal Services.--The Commission may use the United States 
mails in the same manner and under the same conditions as departments 
and agencies of the United States.
    (h) Powers of Subcommittees, Members, and Agents.--Any 
subcommittee, member, or agent of the Commission may, if authorized by 
the Commission, take any action which the Commission is authorized to 
take by this section.

SEC. 6. STAFF OF THE COMMISSION.

    (a) Director.--The Commission shall have a Director who shall be 
appointed by the Chairperson and the Vice Chairperson, acting jointly.
    (b) Staff.--The Chairperson, in consultation with the Vice 
Chairperson, may appoint additional personnel as may be necessary to 
enable the Commission to carry out its functions.
    (c) Applicability of Certain Civil Service Laws.--The Director and 
staff of the Commission may be appointed without regard to the 
provisions of title 5, United States Code, governing appointments in 
the competitive service, and may be paid without regard to the 
provisions of chapter 51 and subchapter III of chapter 53 of such title 
relating to classification and General Schedule pay rates, except that 
no rate of pay fixed under this subsection may exceed the equivalent of 
that payable for a position at level V of the Executive Schedule under 
section 5316 of title 5, United States Code. Any individual appointed 
under subsection (a) or (b) shall be treated as an employee for 
purposes of chapters 63, 81, 83, 84, 85, 87, 89, 89A, 89B, and 90 of 
that title.
    (d) Detailees.--Any Federal Government employee may be detailed to 
the Commission without reimbursement from the Commission, and such 
detailee shall retain the rights, status, and privileges of his or her 
regular employment without interruption.
    (e) Consultant Services.--The Commission is authorized to procure 
the services of experts and consultants in accordance with section 3109 
of title 5, United States Code, but at rates not to exceed the daily 
rate paid a person occupying a position at level IV of the Executive 
Schedule under section 5315 of title 5, United States Code.

SEC. 7. COMPENSATION AND TRAVEL EXPENSES.

    (a) Compensation.--Each member of the Commission may be compensated 
at not to exceed the daily equivalent of the annual rate of basic pay 
in effect for a position at level IV of the Executive Schedule under 
section 5315 of title 5, United States Code, for each day during which 
that member is engaged in the actual performance of the duties of the 
Commission.
    (b) Travel Expenses.--While away from their homes or regular places 
of business in the performance of services for the Commission, members 
of the Commission shall be allowed travel expenses, including per diem 
in lieu of subsistence, in the same manner as persons employed 
intermittently in the Government service are allowed expenses under 
section 5703(b) of title 5, United States Code.

SEC. 8. REPORTS OF THE COMMISSION; TERMINATION.

    (a) Final Report.--Not later than 1 year after the date of the 
first meeting of the Commission, the Commission shall submit to the 
President and Congress a final report containing--
            (1) the findings and conclusions of the Commission on the 
        causes of the current financial and economic crisis in the 
        United States; and
            (2) such findings, conclusions, and recommendations for 
        statutory and regulatory changes as a majority of Commission 
        members finds are necessary to prevent a financial and economic 
        crisis comparable to the current financial and economic crisis 
        in the United States.
    (b) Interim Reports.--At any time after the first meeting of the 
Commission, the Commission may submit to the President and Congress an 
interim report containing such findings, conclusions, and 
recommendations for corrective measures as have been agreed to by a 
majority of Commission members.
    (c) Termination.--
            (1) In general.--The Commission, and all the authorities of 
        this Act, shall terminate 60 days after the date on which the 
        final report is submitted under subsection (a).
            (2) Administrative activities before termination.--The 
        Commission may use the 60-day period referred to in paragraph 
        (1) for the purpose of concluding its activities, including 
        providing testimony to committees of Congress concerning its 
        reports and disseminating the final report submitted under 
        subsection (a).


Output: Financial Markets Commission Act of 2009 - Establishes in the legislative branch the Financial Markets Commission to: (1) examine all causes, domestic and global, of the current financial and economic crisis in the United States, including the collapse of major financial and commercial firms and the deterioration of the credit and housing markets; and (2) investigate the role in the crisis, if any, of the Securities and Exchange Commission (SEC), nationally recognized statistical rating organizations, the Commodity Futures Trading Commission (CFTC), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), trading facilities for commodities and self-regulatory organizations, the federal banking agencies, any financial or commercial corporation, partnership, or entity, and any other governmental or non-governmental entity.

Requires the Commission to: (1) report its findings and recommendations to the President and Congress; and (2) refer to the U.S. Attorney General and any appropriate state attorney general any person that the Commission finds may have violated federal laws in relation to the crisis.