(1) There is a legislative consumer committee consisting of:
(a) three members of the senate, two from the majority party and one from the minority party; and
(b) three members of the house of representatives, two from the majority party and one from the minority party.
(2) Members shall be appointed in the same manner as standing committees of the respective houses before the 60th legislative day of the legislative session following the expiration of the terms of the members of the committee.