; or (II) as the president or most senior manager of a division of a qualifying business. (iii) A certified financial expert who meets the standards of an audit committee financial expert under New York Stock Exchange rules, as in effect on the date of enactment of this Act. (iv) A certified safety expert who has a minimum of 5 years of experience as a chairman, director, senior investigator or equivalent position of a transportation or transit safety board in the United States. (C) For purposes of this paragraph, the term qualifying business means a corporation, partnership, or limited liability entity that is engaged primarily in operating activities and not investing activities. (3) An amendment requiring that the Board of Directors of the Transit Authority be composed of 9 voting members as follows: (A) Two members appointed by each of the District of Columbia, the Commonwealth of Virginia, and the State of Maryland. (B) Two members appointed by the Secretary of Transportation. (C) The CEO of the Transit Authority. 4. Failure to enact amendments (a) Withdrawal of consent Except as provided for under subsection (b), if the signatories of the Compact have not enacted the amendments described in section 3 before the date that is 18 months after the date of enactment of this Act, congressional consent for the Compact is hereby withdrawn. (b) Extension The signatories may apply to the Secretary of Transportation for a single 3-month extension of the deadline under subsection (a). Such extension shall be granted by the Secretary so long as the signatories have shown progress toward instituting the amendments. 5. Definitions In this Act: (1) Compact The term Compact means the Washington Metropolitan Area Transit Authority Compact (consented to by Congress under Public Law 89–774 , 80 Stat. 1324) as title III of the Washington Metropolitan Area Transit Regulation Compact (consented to by Congress under Public Law 86–794 , 74 Stat. 1031). (2) Transit Authority The term Transit Authority means the Washington