with a qualified nongovernmental organization, or in cooperation with the Comptroller General of the United States, as the Secretary considers appropriate. 5004. American Savings Account Fund Advisory Council (a) In general The Board shall establish an American Savings Account Fund Advisory Council, to be composed of 14 members appointed by the Chair of the Board. The Chair of the Board shall designate 1 member of the Council to serve as head of the Council. (b) Terms and vacancies (1) Term A member of the Council shall be appointed for a term of 4 years. (2) Vacancies (A) A vacancy in the Council shall be filled in the manner in which the original appointment was made and shall be subject to any conditions which applied with respect to the original appointment. (B) An individual chosen to fill a vacancy shall be appointed for the unexpired term of the member replaced. (C) The term of any member shall not expire before the date on which the member's successor takes office. (c) Action by majority resolution The Council shall act by resolution of a majority of the members. (d) Responsibilities The Council shall— (1) advise the Board and the Chair of the Board on matters relating to— (A) investment policies for the American Savings Account Fund