Sec. 414. NIA Governing Board
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/bill/117/hr/4497/ih/section-414A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established the Governing Board of the NIA, as an independent Federal agency. The Governing Board shall consist of the following: Nine voting members, appointed by the President by and with the advice and consent of the Senate. The following ex-officio, non-voting members: The Chairman of the Board of Governors of the Federal Reserve System. The Secretary of the Treasury. The Secretary of Housing and Urban Development. The President of each NIA Operating Subsidiary. The President shall select one voting member of the Governing Board to serve as Chair and one to serve as Vice Chair.
The voting members of the Governing Board shall serve a 10-year term, and members may not serve more than one term. Notwithstanding subparagraph (A)— in appointing the initial voting members of the Governing Board, the President shall stagger the terms of the initial members such that no more than one member’s term ends in any one year; and the initial voting members of the Governing Board may be appointed to a second term. In appointing the voting members of the Governing Board, the President shall ensure that— all members have established expertise in finance, economics, law, environmental science, engineering, public administration, infrastructure projects, public health, or other relevant fields; and at least 5 of the members have demonstrated experience with, and endorsement from, labor organizations, nonprofit organizations, and community advocacy groups.
The Chair of the Governing Board shall be compensated at the rate of pay payable for a position at level I of the Executive Schedule under section 5312 of title 5, United States Code. The members of the Governing Board other than the Chair shall be compensated at the rate of pay payable for a position at level II of the Executive Schedule under section 5313 of title 5, United States Code. To assist the NIA in the performance of its responsibilities under this title, the Governing Board shall establish and operate professional full-time staff, the NIA Staff, whose structure shall include the following units:
The Applied Research and Technology unit, which shall organize, finance, and coordinate applied research and development of technologies that could improve environmental, economic, and social outcomes. The Public Outreach and Communication unit, which shall ensure the continuous flow of information and communication between the Governing Board and businesses and communities, including through the NIA regional offices. The Technical Assistance and Strategic Coordination unit, which shall— coordinate public investment strategies and ensure cooperation among Federal, State, and local agencies; and provide technical assistance to public and private entities.
Such other units as the Governing Board determines necessary to support its operations. Section 342(g)(1) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5452(g)(1) ) is amended— in subparagraph (H), by striking and . in subparagraph (I), by striking the period and inserting ; and ; and by adding at the end the following: the National Investment Authority. . The NIA Governing Board, the Secretary of the Treasury, and the Board of Governors of the Federal Reserve System shall establish the process for regular consultations to ensure effective cooperation and coordination of their policies and priorities.
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Sec. 414
NIA Governing Board
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