; and (IV) 2 members to represent the interests of Postal Service employees and annuitants who— (aa) are appointed by the President; (bb) have experience and expertise in the management of financial investments and Postal Service employee benefits; and (cc) shall serve for a term of 3 years. (ii) The Postal Service Retiree Health Benefits Fund Investment Committee and each member of such Committee shall be subject to the requirements of subsections (b)(1) and (c)(2) of section 8477, in the same manner as applied to a fiduciary with respect to the Thrift Savings Fund under such subsections. (D) (i) The Secretary shall annually engage an independent qualified public accountant to audit the financial statements of the investments made pursuant to subparagraph (A). (ii) The Secretary shall submit an annual management report to the Congress not later than 180 days after the end of each fiscal year that includes— (I) a statement of financial position; (II) a statement of operations; (III) a statement of cash flows; (IV) a statement on internal accounting and administrative control systems; (V) the report resulting from an audit of the financial statements of the investments conducted under clause (i); and (VI) any other comments and information necessary to inform the Congress about the operations and financial condition of the investments. (E) In this paragraph— (i) specified percentage means 25 percent of the currently available portions of the Fund as are not immediately required for payments from the Fund, except that the Postal Service Retiree Health Benefits Fund Investment Committee may specify a higher percentage, not to exceed 30 percent, not earlier than 5 years after the date of enactment of the Postal Service Financial Improvement Act of 2017 , and as appropriate thereafter; and (ii) qualified professional asset manager has the meaning given that term in section 8438(a). .