1. Short title This Act may be cited as the HUD Evaluation and Optimization Commission Act of 2024 . 2. HUD Evaluation and Optimization Commission (a) Establishment There is established a commission to be known as the HUD Evaluation and Optimization Commission (in this Act referred to as the Commission ). (b) Members (1) In general The Commission shall be composed of 4 members, appointed not later than 30 days after the date of the enactment of this Act, as follows: (A) One member shall be appointed by the Speaker of the House of Representatives. (B) One member shall be appointed by the minority leader of the House of Representatives. (C) One member shall be appointed by the majority leader of the Senate. (D) One member shall be appointed by the minority leader of the Senate. (2) Prohibition on lobbyists 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. (c) Terms Each member 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. (d) Chairperson and vice chairperson (1) Election The members of the Commission shall elect a Chairperson and a Vice Chairperson from among the members of the Commission. (2) Absence of chairperson The Vice Chairperson shall serve as the Chairperson in the absence of the Chairperson. (e) Compensation (1) 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 for 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 performance of the duties of the Commission. (2) Travel expenses Each member may be allowed travel