The Millennial Housing Commission was established as part of Public Law 106-74 , the relevant section of which is provided below:

1. ESTABLISHMENT—

   There is hereby established a commission to be known as the Millennial Housing Commission (in this section referred to as the ‘Commission’).

2. STUDY—

   The duty of the Commission shall be to conduct a study that examines, analyzes, and explores—

   1. the importance of housing, particularly affordable housing which includes housing for the elderly, to the infrastructure of the United States;

   2. the various possible methods for increasing the role of the private sector in providing affordable housing in the United States, including the effectiveness and efficiency of such methods; and

   3. whether the existing programs of the Department of Housing and Urban Development work in conjunction with one another to provide better housing opportunities for families, neighborhoods, and communities, and how such programs can be improved with respect to such purpose.

3. MEMBERSHIP—
   1. NUMBER AND APPOINTMENT—

      The Commission shall be composed of 22 members, appointed not later than January 1, 2000, as follows:

      1. Two co-chairpersons appointed by—
         1. one co-chairperson appointed by a committee consisting of the chairmen of the Subcommittees on the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies of the Committees on Appropriations of the House of Representatives and the Senate, and the chairman of the Subcommittee on Housing and Community Opportunities of the House of Representatives and the chairman of the Subcommittee on Housing and Transportation of the Senate; and

         2. one co-chairperson appointed by a committee consisting of the ranking minority members of the Subcommittees on the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies of the Committees on Appropriations of the House of Representatives and the Senate, and the ranking minority member of the Subcommittee on Housing and Community Opportunities of the House of Representatives and the ranking minority member of the Subcommittee on Housing and Transportation of the Senate.

      2. Ten members appointed by the Chairman and Ranking Minority Member of the Committee on Appropriations of the House of Representatives and the Chairman and Ranking Minority Member of the Committee on Banking and Financial Services of the House of Representatives.

      3. Ten members appointed by the Chairman and Ranking Minority Member of the Committee on Appropriations of the Senate and the Chairman and Ranking Minority Member of the Committee on Banking, Housing, and Urban Affairs of the Senate.

   2. QUALIFICATIONS—

      Appointees should have proven expertise in directing, assemblying, or applying capital resources from a variety of sources to the successful development of affordable housing or the revitalization of communities, including economic and job development.

   3. VACANCIES—

      Any vacancy on the Commission shall not affect its powers and shall be filled in the manner in which the original appointment was made.

   4. CHAIRPERSONS—

      The members appointed pursuant to paragraph (1)(A) shall serve as co-chairpersons of the Commission.

   5. PROHIBITION OF PAY—

      Members of the Commission shall serve without pay.

   6. TRAVEL EXPENSES—

      Each member of the Commission shall receive travel expenses, including per diem in lieu of subsistence, in accordance with sections 5702 and 5703 of title 5, United States Code.

   7. QUORUM—

      A majority of the members of the Commission shall constitute a quorum but a lesser number may hold hearings.

   8. MEETINGS—

      The Commission shall meet at the call of the Chairpersons.

4. DIRECTOR AND STAFF—
   1. DIRECTOR—

      The Commission shall have a Director who shall be appointed by the Chairperson. The Director shall be paid at a rate not to exceed the rate of basic pay payable for level V of the Executive Schedule.

   2. STAFF—

      The Commission may appoint personnel as appropriate. The staff of the Commission shall be appointed subject to the provisions of title 5, United States Code, governing appointments in the competitive service, and shall be paid in accordance with the provisions of chapter 51 and subchapter III of chapter 53 of that title relating to classification and General Schedule pay rates.

   3. EXPERTS AND CONSULTANTS—

      The Commission may procure temporary and intermittent services under section 3109(b) of title 5, United States Code, but at rates for individuals not to exceed the daily equivalent of the maximum annual rate of basic pay payable for the General Schedule.

   4. STAFF OF FEDERAL AGENCIES—

      Upon request of the Commission, 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 Commission to assist it in carrying out its duties under this Act.

5. POWERS—
   1. HEARINGS AND SESSIONS—

      The Commission may, for the purpose of carrying out this section, hold hearings, sit and act at times and places, take testimony, and receive evidence as the Commission considers appropriate.

   2. POWERS OF MEMBERS AND AGENTS—

      Any 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.

   3. OBTAINING OFFICIAL DATA—

      The Commission may secure directly from any department or agency of the United States information necessary to enable it to carry out this Act. Upon request of the Chairpersons of the Commission, the head of that department or agency shall furnish that information to the Commission.

   4. GIFTS, BEQUESTS, AND DEVISES—

      The Commission may accept, use, and dispose of gifts, bequests, or devises of services or property, both real and personal, for the purpose of aiding or facilitating the work of the Commission. Gifts, bequests, or devises of money and proceeds from sales of other property received as gifts, bequests, or devises shall be deposited in the Treasury and shall be available for disbursement upon order of the Commission.

   5. MAILS—

      The Commission may use the United States mails in the same manner and under the same conditions as other departments and agencies of the United States.

   6. ADMINISTRATIVE SUPPORT SERVICES—

      Upon the request of the Commission, the Administrator of General Services shall provide to the Commission, on a reimbursable basis, the administrative support services necessary for the Commission to carry out its responsibilities under this section.

   7. CONTRACT AUTHORITY—

      The Commission may contract with and compensate Government and private agencies or persons for services, without regard to section 3709 of the Revised Statutes (41 U.S.C. 5).

6. REPORT—

   The Commission shall submit to the Committees on Appropriations and Banking and Financial Services of the House of Representatives and the Committees on Appropriations and Banking, Housing, and Urban Affairs of the Senate a final report not later than May 30, 2002. The report shall contain a detailed statement of the findings and conclusions of the Commission with respect to the study conducted under subsection (b), together with its recommendations for legislation, administrative actions, and any other actions the Commission considers appropriate.

7. TERMINATION—

   The Commission shall terminate on August 30, 2002. Section 14(a)(2)(B) of the Federal Advisory Committee Act (5 U.S.C. App.; relating to the termination of advisory committees) shall not apply to the Commission.