; or (II) Federal student financial assistance programs. (ii) Conflicts of interest among board members Before appointing members of the Board, the Secretary shall establish rules and procedures to address any potential conflict of interest between a member of the Board and responsibilities of the Board, including prohibiting membership for individuals with a pecuniary interest in the activities of the PBO. (G) No compensation Board members shall serve without pay. (H) Expenses of Board Members Each member of the Board shall receive travel expenses and other permissible expenses, including per diem in lieu of subsistence, in accordance with applicable provisions under title 5, United States Code. (3) Board responsibilities The Board shall have the following responsibilities: (A) Conducting general oversight over the functioning and operation of the PBO, including— (i) ensuring that the reporting and planning requirements of this section are fulfilled by the PBO