9 1 otherwise covered into the fund by the Board under this 2 Act. No amounts shall be transferred out of the fund except 3 4 5 as may be provided in appropriation Acts. ESTABLISHMENT OF BOARD SEC. 5. (a) There is established a Congressional Elec6 tion Finance Board which shall be composed of seven mem7 bers, not more than three of whom shall be affiliated with 8 the same political party. Members of the Board shall be 9 appointed by the President by and with the advice and 10 consent of the Senate, for a term of six years, except that, 11 of the members first appointed to serve 15 and (1) three shall be appointed for terms of two years, (2) two shall be appointed for terms of four years, (3) two shall be appointed for terms of six years. 16 Any individual appointed to fill a vacancy occurring for 17 reasons other than expiration of a term shall be appointed 18 only for the unexpired term of the member whom he suc19 ceeds. A member whose term expires shall continue to serve 20 until his successor qualifies. 220 21 (b) The members of the Board shall elect a Chairman 22 and Vice Chairman from among their members to serve 23 for terms of two years each. No member elected to be 24 Chairman or Vice Chairman may succeed himself in such 25 office. The Chairman shall be responsible on behalf of the 10 1 Board for administrative operations of the Board and shall 2 appoint and fix the compensation of such officers and em3 ployees as he deems necessary to assist the Board in the 4 performance of its functions. The Board may obtain the 5 services of experts and consultants in accordance with the 6 provisions of section 3109 of title 5, United States Code. 7 The Vice Chairman shall act as Chairman in the absence or 8 disability of the Chairman or in the event of a vacancy in 9 that office. 10 (c) A vacancy in the Board shall not impair the right 11 of the remaining members to exercise the power of the 12 Board. Three members of the Board shall constitute a 13 quorum. 14 (d) The Board shall have an official seal which shall 15 be judicially noticed. 16 (e) At the close of each fiscal year the Board shall re17 port to the Congress and to the President concerning its 18 activities and operations during that fiscal year, including 19 the names, salaries, and duties of all individuals employed by 20 it and the moneys it has disbursed. The Board may make 21 such additional reports to the Congress and to the President on the matters within its jurisdiction, including recommenda 22 23 tions for additional legislation, as it deems desirable. 24 (f) Section 5314 of title 5, United States Code, is 25 amended by adding at the end thereof the following: 1 2 3 11 "(60) Members, Congressional Election Finance Board." (g) The principal office of the Board shall be in or near 4 the District of Columbia, but it may meet or exercise any 5 of its powers at any other place and, during election cam6 paigns, establish field operations in such locations as it deems 7 appropriate. DUTIES AND POWERS SEC. 6. (a) It shall be the duty of the Board (1) to develop forms for the making of such reports and statements as it may require; (2) to prepare and publish a manual setting forth recommended uniform methods of bookkeeping and reporting for use by persons required to make reports and statements under this Act; (3) to develop a filing, coding, and cross-indexing system consistent with the purposes of this Act; (4) to make the reports and statements filed with it available for public inspection and copying during regular office hours, and to permit copying by hand, or by copying machine at the expense of the individual re questing the copies; (5) to preserve such reports and statements for a period of ten years from the date of receipt; and (6) to do such other things as may be necessary to carry out the provisions of this Act. 12 1 (b) In carrying out its duties under subsection (a), 2 the Board shall consult with the Comptroller General, the 3 Secretary of the Senate, and the Clerk of the House of Repre4 sentatives, and utilize the reporting, filing, and accounting 5 procedures and forms developed by them in carrying out their 6 duties under title III of the Federal Election Campaign 7 Reform Act of 1971 to the greatest extent possible. To the 8 9 10 11 12 13 14 extent the Board determines that its duties under this Act can be satisfactorily performed by using the data available to the Secretary of the Senate and the Clerk of the House of Representatives, it shall not require additional or separate reports to be made to it by any candidate who is complying with the provisions of title III of that Act. (c) The Board is authorized to prescribe such rules and 15 regulations, to conduct such examinations, and investigations, and to require the keeping of such books, records, and infor17 mation, as it deems necessary to carry out the functions and 16 18 duties imposed on it by this Act. Within one hundred and 19 eighty days of the general election, the Board shall conduct a 20 complete examination and audit of the expenditures made, 21 2 2 2 2 expenses incurred, and financial assistance received by or on 22 behalf of any candidate who has received assistance under 23 this Act in connection with his primary or general election 24 campaign, and shall furnish to the Congress and the President 25 a report of the results of each such examination and audit. 13 1 (d) If the Board determines on the record after an 2 opportunity for a hearing that any portion of the amount 3 transferred out of the fund to the account of a candidate was in excess of the aggregate amount to which that 5 candidate was entitled under this Act, it shall require the 6 candidate to pay to the Board for covering into the fund 7 an amount equal to such excess less any amounts paid to 8 the Board under section 11 (f). No determination of an 9 10 11 overpayment shall be made initially more than one year after the date of such overpayment. (e) In exercising its authority under this Act, the 12 Board is authorized (1) to compel the attendance of any person to answer questions under oath relating to the financial matters of any campaign for which transfers have been received from the fund or relating to any proceeding under section 14; and (2) to compel under oath the production for inspection or copying of documents, papers, books, records, or other writing relating to the financial matters of any campaign for which transfers have been received 22 from the fund or relating to any proceeding under 22 * 23 section 14. 24 Any district court of the United States within the juris25 diction of which such person is found, or is doing business, |