; and (D) satisfies any other conditions established by the Bank and published in the Federal Register. (d) Green bank (1) Establishment of corporation There is established a corporation to be known as the United States Green Bank that shall be wholly owned by the United States. (2) Oversight The Bank shall be subject to the general supervision and direction of the Secretary of the Treasury. The Bank shall be an instrumentality of the United States Government and shall maintain such offices as may be necessary or appropriate in the conduct of its business. (3) Charter The Bank shall be chartered for 20 years from the date of enactment of this section. (4) Governance (A) Board of directors of the bank (i) In general The Bank shall be under the direction of a Board of Directors consisting of seven members and be subject to the general supervision and direction of the Secretary of the Treasury as Chairman of the Board. (ii) Membership The Board shall consist of seven members, as follows: (I) The Secretary of the Treasury or the Secretary’s designee as Chairman of the Board. (II) The Secretary of Energy or the Secretary’s designee. (III) The Secretary of Transportation or the Secretary’s designee. (IV) Four members appointed by the President of the United States including a Chief Executive Officer, one member with expertise regarding renewable energy and/or energy efficiency, one member with expertise regarding finance, one member with expertise regarding electric utilities, and one member with expertise regarding sustainable transportation. (iii) Quorum Four members of the Board shall constitute a quorum. (iv) Bylaws The Board shall adopt, and may amend, such bylaws as are necessary for the proper management and functioning of the Bank, and shall, in such bylaws, designate the vice presidents and other officers of the Bank and prescribe their duties. (v) Terms The initial terms of the members of the Board shall be 4 years. For terms beginning after the first 4 years following the date of the enactment of this