1. Short title This Act may be cited as the Bureau of Consumer Financial Protection Advisory Board Enhancement Act . 2. Establishment of advisory boards within the Bureau of Consumer Financial Protection (a) In general Subtitle A of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5491 et seq.) is amended by inserting after section 1014 ( 12 U.S.C. 5494 ) the following: 1014A. Advisory Boards (a) Definitions In this section— (1) the term eligible financial product or service means a financial product or service that is offered or provided for use by consumers primarily for personal, family, or household purposes as described in clause (i), (iii), (v), (vi), or (ix) of section 1002(15)(A); (2) the term rural area has the meaning given the term in section 1393(a)(2) of the Internal Revenue Code of 1986; and (3) the terms small business concern , small business concern owned and controlled by veterans , and small business concern owned and controlled by women have the meanings given those terms in section 3 of the Small Business Act ( 15 U.S.C. 632 ). (b) Small Business Advisory Board (1) Establishment The Director shall establish a Small Business Advisory Board— (A) to advise and consult with the Bureau in the exercise of the functions of the Bureau under the Federal consumer financial laws applicable to eligible financial products or services; and (B) to provide information on emerging practices of small business concerns that provide eligible financial products or services, including regional trends, the effect that decisions by the Bureau have on rural areas, concerns, and other relevant information. (2) Membership (A) Number The Director shall appoint not less than 15 and not more than 20 members to the Small Business Advisory Board. (B) Qualification Members appointed under subparagraph (A) shall be representatives of small business concerns that— (i) provide eligible financial products or services