{ "id": "R40553", "type": "CRS Report", "typeId": "REPORTS", "number": "R40553", "active": false, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 348257, "date": "2009-04-29", "retrieved": "2016-04-07T02:33:35.423261", "title": "Proposals for a Congressional Commission on the Financial Crisis: A Comparative Analysis", "summary": "This report provides a comparative analysis of six proposed congressional advisory commissions that would investigate various aspects of the recent financial crisis and economic downturn. The report specifically discusses (1) the membership structure, (2) appointment structure, (3) rules of procedure and operation, (4) duties and reporting requirements, (5) powers of the commission, (6) staffing issues, and (7) funding. Tables 1 through 7 (at the end of the report) summarize major provisions of the six proposals.\nThe six proposed commissions are found in Senate amendment 995 to S. 386 (sponsored by Senator Isakson); S. 195 (the \u201cTaxpayer Protection Act,\u201d sponsored by Senator Dorgan); S. 298 (the \u201cFinancial Markets Commission Act of 2009,\u201d sponsored by Senator Isakson); H.R. 74 (the \u201cFinancial Oversight Commission Act of 2009,\u201d sponsored by Representative Issa); H.R. 768 (the \u201cCommission on Financial Crisis Accountability Act of 2009,\u201d sponsored by Representative Larson); and H.R. 2111 (the \u201cCongressional Commission on Financial Accountability and Preparedness Act of 2009,\u201d sponsored by Representative Burgess).\nThe overall structures of each of the proposed commissions are similar in many respects, both to each other and to previous independent advisory entities established by Congress. Specifically, the proposed commissions (1) exist temporarily; (2) serve in an advisory capacity; and (3) report a work product detailing the findings, conclusions, and recommendations of the commission. That said, each particular proposed commission has unique elements, particularly concerning its membership structure, appointment structure, and timeline for reporting its work product to Congress.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R40553", "sha1": "ebceca8b0a0f95ca27da12ce3d0ae4908a5ad051", "filename": "files/20090429_R40553_ebceca8b0a0f95ca27da12ce3d0ae4908a5ad051.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R40553", "sha1": "61bbc892487e3ffc3ba4a645a1cadab1371876a7", "filename": "files/20090429_R40553_61bbc892487e3ffc3ba4a645a1cadab1371876a7.pdf", "images": null } ], "topics": [] } ], "topics": [ "Intelligence and National Security", "Transportation Policy" ] }