In carrying out the provisions of sections 634a to 634g of this
title, the Chief Counsel for Advocacy may -
(1) employ and fix the compensation of such additional staff
personnel as is deemed necessary, without regard to the
provisions of title 5, governing appointments in the competitive
service, and without regard to chapter 51, and subchapter III of
chapter 53 of such title relating to classification and General
Schedule pay rates but at rates not in excess of the lowest rate
for GS-15 of the General Schedule: Provided, however, That not
more than 14 staff personnel at any one time may be employed and
compensated at a rate not in excess of GS-15, step 10, of the
General Schedule;
(2) procure temporary and intermittent services to the same
extent as is authorized by section 3109 of title 5;
(3) consult with experts and authorities in the fields of small
business investment, venture capital, investment and commercial
banking and other comparable financial institutions involved in
the financing of business, and with individuals with regulatory,
legal, economic, or financial expertise, including members of the
academic community, and individuals who generally represent the
public interest;
(4) utilize the services of the National Advisory Council
established pursuant to the provisions of section 637(b)(13) of
this title and in accordance with the provisions of such statute,
also appoint such other advisory boards or committees as is
reasonably appropriate and necessary to carry out the provisions
of sections 634a to 634g of this title; and
(5) hold hearings and sit and act at such times and places as
he may deem advisable.
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