118 STAT. 213 PUBLIC LAW 108–199—JAN. 23, 2004 (c) BOARD OF DIRECTORS.— (1) ESTABLISHMENT.—There shall be in the Corporation a Board of Directors. (2) DUTIES.—The Board shall perform the functions speci fied to be carried out by the Board in this title and may prescribe, amend, and repeal bylaws, rules, regulations, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to it by law may be exercised. (3) MEMBERSHIP.—The Board shall consist of— (A) the Secretary of State, the Secretary of the Treasury, the Administrator of the United States Agency for International Development, the Chief Executive Officer of the Corporation, and the United States Trade Represent ative; and (B) four other individuals with relevant international experience who shall be appointed by the President, by and with the advice and consent of the Senate, of which— (i) one individual should be appointed from among a list of individuals submitted by the majority leader of the House of Representatives; (ii) one individual should be appointed from among a list of individuals submitted by the minority leader of the House of Representatives; (iii) one individual should be appointed from among a list of individuals submitted by the majority leader of the Senate; and (iv) one individual should be appointed from among a list of individuals submitted by the minority leader of the Senate. (4) TERMS.— (A) OFFICERS OF THE FEDERAL GOVERNMENT.—Each member of the Board described in paragraph (3)(A) shall serve for a term that is concurrent with the term of service of the individual’s position as an officer within the other Federal department or agency. (B) OTHER MEMBERS.—Each member of the Board described in paragraph (3)(B) shall be appointed for a term of 3 years and may be reappointed for a term of an addi tional 2 years. (C) VACANCIES.—A vacancy in the Board shall be filled in the manner in which the original appointment was made. (5) CHAIRPERSON.—There shall be a Chairperson of the Board. The Secretary of State shall serve as the Chairperson. (6) QUORUM.—A majority of the members of the Board shall constitute a quorum, which, except with respect to a meeting of the Board during the 135 day period beginning on the date of the enactment of this Act, shall include at least one member of the Board described in paragraph (3)(B). (7) MEETINGS.—The Board shall meet at the call of the Chairperson. (8) COMPENSATION.— (A) OFFICERS OF THE FEDERAL GOVERNMENT.— (i) IN GENERAL.—A member of the Board described in paragraph (3)(A) may not receive additional pay, allowances, or benefits by reason of the member’s service on the Board.
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