; and (C) in paragraph (3), by striking paragraph (1)(B) and inserting paragraph (1) ; (3) in subsection (c), by amending paragraph (2) to read as follows: (2) Term (A) Length of term Each member elected under paragraph (1) shall serve for a term of 3 years in the capacity for which the member was elected under paragraph (1). (B) Limitation on multiple terms A member elected under paragraph (1) may not serve for more than one term in the capacity for which the member was elected under paragraph (1). ; and (4) by striking subsections (i) and (j). 811. Duties of Investor Advocate Section 4(g)(4) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(g)(4) ) is amended— (1) in subparagraph (D)(ii), by striking and ; (2) in subparagraph (E), by striking the period at the end and inserting a semicolon; and (3) by adding at the end the following: (F) not take a position on any legislation pending before Congress other than a legislative change proposed by the Investor Advocate pursuant to subparagraph (E); (G) consult with the Advocate for Small Business Capital Formation on proposed recommendations made under subparagraph (E)