; (2) be responsible for all activities of IFA; and (3) support the Board of Directors in accordance with this Act and as the Board of Directors determines to be necessary. (b) Appointment and tenure of the Chief Executive Officer (1) In general The President shall appoint the Chief Executive Officer, by and with the advice and consent of the Senate. (2) Term The Chief Executive Officer shall be appointed for a term of 6 years. (3) Vacancies (A) In general Any vacancy in the office of the Chief Executive Officer shall be filled by the President, by and with the advice and consent of the Senate. (B) Term The person appointed to fill a vacancy in the Chief Executive Officer position that occurs before the expiration of the term for which the predecessor was appointed shall be appointed only for the remainder of that term. (c) Qualifications The Chief Executive Officer— (1) shall have significant expertise in management and administration of a financial institution, or significant expertise in the financing and development of infrastructure projects; and (2) may not— (A) hold any other public office; (B) have any financial interest in an eligible infrastructure project then being considered by the Board of Directors, unless that interest is placed in a blind trust; or (C) have any financial interest in an investment institution or its affiliates or any other entity seeking or likely to seek financial assistance for any eligible infrastructure project from IFA, unless any such interest is placed in a blind trust for the tenure of the service of the Chief Executive Officer plus 2 additional years. (d) Responsibilities The Chief Executive Officer shall have such executive functions, powers, and duties as may be prescribed by this Act, the bylaws of IFA, or the Board of Directors, including— (1) responsibility for the development and implementation of the strategy of IFA, including— (A) the development and submission to the Board of Directors of the annual business plans and budget