the Senate, except that a member may not continue to serve more than 1 year after the date on which the term of that member would otherwise expire. (E) OTHER EMPLOYMENT PROHIBITED No member of the commission shall engage in any other business, vocation, or employment. (d) AFFILIATION Not more than three members of the commission shall be members of any one political party. (e) CHAIR OF THE COMMISSION (1) INITIAL CHAIR The first member and Chair of the commission shall be the individual serving as Director of the Bureau of Consumer Financial Protection on the day before the date of the enactment of this subsection. Such individual shall serve until the President has appointed all 5 members of the commission in accordance with subsection (c). (2) SUBSEQUENT CHAIR Of the 5 members appointed in accordance with subsection (c), the President shall appoint 1 member to serve as the subsequent Chair of the commission. (3) AUTHORITY The Chair shall be the principal executive officer of the commission, and shall exercise all of the executive and administrative functions of the commission, including with respect to— (A) the appointment and supervision of personnel employed under the commission (other than personnel employed regularly and full time in the immediate offices of members of the commission other than the Chair)