losses. This Act is in support of the same goals. 3. Creation of the U.S. Arctic Seaway Infrastructure Development Corporation (a) Establishment There is hereby created, subject to the direction and supervision of the Secretary of Transportation, which shall work in conjunction with the Department of State and with the Department in which the Coast Guard is operating, a body corporate to be known as the U.S. Arctic Seaway Infrastructure Development Corporation (hereinafter referred to as the Corporation ). (b) Management (1) Administrator The management of the Corporation shall be vested in an Administrator who shall be appointed by the Board of Directors of the Corporation with the approval of the Secretary of Transportation. (2) Board of directors (A) Composition There is established the Board of Directors of the Corporation (hereinafter referred to as the Board of Directors ), which shall be composed of 9 members (each serving for a 4-year term or until a new appointee is designated) as follows: (i) The Chair of the Board of Directors shall be appointed and designated by the President of the United States. (ii) The Administrator of the National Oceanic and Atmospheric Administration shall designate 1 senior representative to the Board of Directors. (iii) The Secretary of State shall designate 1 senior representative to the Board of Directors. (iv) The Secretary of Transportation shall designate 1 senior representative to the Board of Directors. (v) The Secretary of the Department in which the Coast Guard is operating shall designate 1 senior representative to the Board of Directors. (vi) The Governor of Alaska shall designate 4 senior representatives to the Board of Directors— (I) 1 of whom shall represent the government of the State of Alaska