; and (B) by striking Chairman, Commodity Futures Trading Commission. . (2) Members Section 5315 of title 5, United States Code, is amended— (A) by striking Members, Securities and Exchange Commission and inserting Members, Securities and Derivatives Commission ; and (B) by striking Members, Commodity Futures Trading Commission. . (b) Conforming amendments (1) Securities exchange act Section 4(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(a) ) is amended— (A) by striking There is hereby established a Securities and Exchange Commission (hereinafter referred to as the Commission ) to be composed of five commissioners to be appointed by the President by and with the advice and consent of the Senate. Not more than three of such commissioners shall be members of the same political party, and in making appointments members of different political parties shall be appointed alternately as nearly as may be practicable.