; or (B) $200,000. (b) Commission database The Commission shall maintain a publicly accessible, searchable database that contains the information provided in each annual report submitted under subsection (a)(1). 11. Commission on College Athletics (a) Establishment There is established a commission, to be known as the Commission on College Athletics , for the following purposes: (1) To act for the benefit of all college athletes, without regard to receipt of grant-in-aid. (2) To protect the economic interests of college athletes. (3) To ensure that agents of college athletes faithfully represent the interests of college athletes. (4) To enforce this Act and the standards established under subsection (d)(1) in a manner adequate to deter such violations. (5) To promote the health, wellness, and safety of college athletes. (b) Organization (1) Federal charter The Commission is a federally chartered corporation, governed by a board of directors, and entrusted with the constitutional duty to take care that the laws be faithfully executed. (2) Perpetual existence Except as otherwise provided in subsection (n), the Commission has perpetual existence. (3) Status The Commission is not an agency (as defined in section 551 of title 5, United States Code). (4) Constitution and bylaws The Commission shall adopt a constitution and bylaws that reflect the rights and protections set forth in this Act. (c) Board of directors (1) Composition (A) In general The board of directors of the Commission (referred to in this section as the Board ) shall be comprised of 9 members, who, subject to subparagraphs (B) through (E), shall be appointed by the President, by and with the advice and consent of the Senate. (B) Diversity The appointment of members of the Board shall be coordinated to ensure diversity among such members. (C) Political party Not more than 5 members of the Board may be appointed from the same political party. (D) Requirements (i) In general Each member appointed under subparagraph (A) shall have achieved distinction in