; and (C) include in such report an estimate of the savings in outlays that will be achieved by the enactment of the Commission bill, as developed in conjunction with the Director of the Congressional Budget Office and the Director of the Office of Management and Budget. (5) Information to members of congress After submission of the Commission bill under paragraph (4), the Commission shall promptly provide, upon request, to any Member of Congress information used by the Commission in making its recommendations. (c) Membership (1) In general The Commission shall be composed of 8 members, appointed as follows: (A) The majority leader of the Senate shall appoint 2 members. (B) The minority leader of the Senate shall appoint 2 members. (C) The Speaker of the House of Representatives shall appoint 2 members. (D) The minority leader of the House of Representatives shall appoint 2 members. (2) Disqualifications An individual may not be appointed as a member of the Commission if the individual was registered as a lobbyist under the Lobbying Disclosure Act of 1995 ( 2 U.S.C. 1601 et seq. ) at any time during the 5-year period ending on the date of the appointment. (3) Chairperson The members of the Commission shall select a Chairperson from among the members of the Commission. (4) Date Not later than 1 month after the date of enactment of this Act, all members of the Commission shall be appointed. (5) Period of designation Members shall be appointed for the life of the Commission. Any vacancy in the Commission shall not affect its powers, but shall be filled not later than 14 days after the date on which the vacancy occurs in the same manner as the original appointment. (6) Compensation (A) In general Each member of the Commission shall be compensated at a rate equal to the daily equivalent of the annual rate of basic pay prescribed for a position at level IV of the Executive Schedule under section 5314 of title 5, United States Code, for each day (including travel time) during which such member is engaged in the