United States Code
USC most recently checked for updates: Feb 28, 2020
There is established within the Commission the Investor Advisory Committee (referred to in this section as the “Committee”).
Each member of the Committee appointed under paragraph (1)(B) shall serve for a term of 4 years.
Members appointed under paragraph (1)(B) shall not be deemed to be employees or agents of the Commission solely because of membership on the Committee.
Each member elected under paragraph (1) shall serve for a term of 3 years in the capacity for which the member was elected under paragraph (1).
The chairman of the Committee shall give the members of the Committee written notice of each meeting, not later than 2 weeks before the date of the meeting.
The Commission shall make available to the Committee such staff as the chairman of the Committee determines are necessary to carry out this section.
Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the Committee.
The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply with respect to the Committee and its activities.
There is authorized to be appropriated to the Commission such sums as are necessary to carry out this section.