Former minister for civil society Nick Hurd is among 12 MPs and peers appointed to a committee to examine and report on the new draft Protection of Charities Bill.

The draft bill will amend the 2011 Charities Act, to grant the Charity Commission greater powers to deal with abuse and mismanagement in charities.

The House of Lords' formal appointment of its six committee members yesterday completes the selection process of the joint committee. The House of Commons selected its six members last Thursday.

Hurd will sit alongside Baroness Barker, Mark Menzies, Lord Hodgson of Astley Abbotts, Sarah Teather, Lord Hope of Craighead, Baroness Warwick of Undercliffe, Lord Waston of Invergowrie, Bernard Jenkin, Chris Williamson, Emma Lewell-Buck and Viscount Younger of Leckie.

They will elect a chair today.

New measures being proposed in the Protection of Charities Bill include a strengthening of the rules surrounding who may or may not become a trustee – including the barring of anyone with undischarged bankruptcy and unspent convictions for offences involving dishonesty or deception. The bill will also ban anyone from becoming a trustee with a conviction for terrorism or money laundering.

The Charity Commission will be granted greater powers to disqualify a trustee if it sees them unfit, as well as the ability to shut down a charity following misconduct or mismanagement and the capability to issue an official warning in less serious cases.

The bill also proposes to close current legal loopholes such as the ability of trustees to avoid regulator enforcement action by resigning.

The bill was first presented to Parliament on 22 October. The committee will call evidence in the coming weeks and report on its findings by 28 February 2015.