112 STAT. 922 PUBLIC LAW 105-219—AUG. 7, 1998 permitted under subsection (a) shall, not later than 3 years after that date of enactment, reduce the total amount of outstanding member business loans to an amount that is not greater than the amount permitted under subsection (a). " (e) CONSULTATION AND COOPERATION WITH STATE CREDIT UNION SUPERVISORS. —In implementing this section, the Board shall consult and seek to work cooperatively with State officials having jurisdiction over State-chartered insured credit unions.". 12 USC 1757a (b) STUDY AND REPORT.— note. (1) STUDY. —The Secretary shall conduct a study of member business lending by insured credit unions, including— (A) an examination of member business lending over $500,000 and under $50,000, and a breakdown of the types and sizes of businesses that receive member business loans; (B) a review of the effectiveness and enforcement of regulations applicable to insured credit union member business lending; (C) whether member business lending by insured credit unions could affect the safety and soundness of insured credit unions or the National Credit Union Share Insurance Fund; (D) the extent to which member business lending by insured credit unions helps to meet financial services needs of low- and moderate-income individuals within the field of membership of insured credit unions; (E) whether insured credit unions that engage in member business lending have a competitive advantage over other insured depository institutions, and if any such advantage could affect the viability and profitability of such other insured depository institutions; and (F) the effect of enactment of this Act on the number of insured credit unions involved in member business lending and the overall amount of commercial lending. (2) NCUA COOPERATION.— The National Credit Union Administration shall, upon request, provide such information as the Secretary may require to conduct the study required under paragraph (1). Deadline. (3) REPORT. —Not later than 12 months after the date of enactment of this Act, the Secretary shall submit a report to the Congress on the results of the study conducted under paragraph (1). SEC. 204. NATIONAL CREDIT UNION ADMINISTRATION BOARD MEMBERSmP. Section 102(b) of the Federal Credit Union Act (12 U.S.C. 1752a(b)) is amended— (1) by striking "(b) The Board" and inserting "(b) MEMBER- SHIP AND APPOINTMENT OF BOARD. — "(1) IN GENERAL.The Board"; and (2) by adding at the end the following new paragraph: " (2) APPOINTMENT CRITERIA.— President. "(A) EXPERIENCE IN FINANCIAL SERVICES. —In considering appointments to the Board under paragraph (1), the President shall give consideration to individuals who, by virtue of their education, training, or experience relating to a broad range of financial services, financial services
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