Advisory board

(a) In general Not later than 180 days after the date of enactment of this Act, the Administrator shall establish a Minority Entrepreneurship Advisory Board to develop recommendations regarding how minority-serving institutions and historically Black colleges and universities can better serve minority businesses and entrepreneurs. (b) Membership of Board The members of the Board shall be— (1) appointed by the Administrator; and (2) individuals with— (A) outstanding qualifications; (B) knowledge regarding the needs of small business concerns that are owned by minorities; and (C) experience— (i) working with startups; or (ii) in providing consultation to small business concerns. (c) Submission to Congress Not later than 18 months after the date of enactment of this Act, the Administrator shall submit to Congress the recommendations developed by the Board under subsection (a). (d) Inapplicability of Federal advisory committee requirements Chapter 10 of title 5, United States Code, shall not apply with respect to the Board or the activities of the Board.