; and (J) the State-Federal partnership in financial services regulation. (2) Report On an annual basis, or as otherwise determined necessary by the Chair of the Committee, the Committee shall report to the President and to Congress on, and provide recommendations for legislation, regulation, and supervision relating to innovation in, the matters studied under paragraph (1). (d) Powers (1) Hearings The Committee shall hold not less than 2 hearings per calendar year to hear from interested parties and to discuss the work of the Committee. (2) Information from Federal agencies (A) In general The Committee may secure directly from a Federal department or agency such information as the Committee considers necessary to carry out this section. (B) Furnishing information On request of the Chair of the Committee, the head of the department or agency shall furnish the information to the Committee. (3) Postal services The Committee may use the United States mails in the same manner and under the same conditions as other departments and agencies of the Federal Government. (e) Compensation (1) In general All members of the Committee shall serve without compensation in addition to that received for their services as officers or employees of the United States, and all other members of the Committee shall serve without compensation. (2) Travel expenses Each member of the Committee may be allowed travel expenses, including per diem in lieu of subsistence, in accordance with sections 5702 and 5703 of title 5, United States Code, while away from their homes or regular places of business in performance of services for the Council. (f) Staff (1) In general The Chair of the Committee may, without regard to the civil service laws (including regulations), appoint and terminate an executive director and such other additional personnel as may be necessary to enable the Committee to perform its duties, except that the employment of an executive director shall be subject to confirmation by the Committee. (2) Compensation The Chair of the