CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 1 PUBLIC LAW NO. 18-52 under this Act; and 2 3 4 (q) Perform such other functions as are consistent with this Act.” Section 10. Title 21 of the Code of the Federated States of 5 Micronesia, as amended, is hereby further amended by adding a new 6 section 306 under chapter 3, to read as follows: 7 “Section 306. Appointment and removal of members. 8 (1) All the members of the Authority (including the 9 Chief Executive who shall be appointed as such) shall be 10 appointed by the President, with the advice and consent 11 of Congress, from among persons appearing to him to be 12 qualified for the office for a term of 4 years. 13 President may renew the term of appointment of a member 14 for up to two additional terms of four years each. 15 The (2) The terms of appointment of a member shall be 16 issued by the President and shall include with 17 appropriate modifications an obligation to comply with 18 such ethics rules comparable to those applicable to 19 employees of the Public Service System from time to 20 time. 21 (3) The President shall not appoint a person as Chief 22 Executive under subsection (1) unless in the opinion of 23 the President the person: 24 25 (a) Has demonstrated experience of not less than 10 years in the fields of economics, law, finance, 17 of 119