FUNCTIONS OF COMMISSION.

SEC. 1443. FUNCTIONS OF COMMISSION. (a) Specific Findings and Recommendations.—The Commission shall study and make findings and specific recommendations regarding the following: (1) The increase in tuition costs compared with other commodities and services as well as methods of reducing increased tuition costs. (2) Trends in college and university administrative costs as well as other costs and means of reducing such increased costs. (3) The development of a standardized annual report that colleges and universities shall distribute which details the administrative costs, instructional costs and capital costs of such colleges and universities. (4) The extent to which Federal, State and local regulations contribute to increased tuition costs and the increase in the cost of higher education. (5) The establishment of a mechanism for a more timely and widespread distribution of data on tuition trends and other costs of operating colleges and universities. (6) The extent to which the lack of student financial assistance programs has contributed to increased tuition costs. (7) Other related topics determined to be appropriate by the Commission. (b) Final Report.— (1) In general.— Subject to paragraph (2), the Commission shall submit to the President and to the Congress not later than September 1, 1994, a report which shall contain a detailed statement of the findings and conclusions of the Commission, including the Commission’s recommendations for administrative and legislative action that the Commission considers advisable. (2) Majority vote required for recommendations.— Any recommendation described in paragraph (1) shall be made by the Commission to the President and to the Congress only if such recommendation is adopted by a majority vote of the members of the Commission who are present and voting.