; (2) by redesignating paragraphs (1) through (5) as subparagraphs (A) through (E), respectively; (3) in the matter preceding subparagraph (A) (as redesignated by paragraph (2))— (A) by striking of two members of the public (both of whom may not be from the same political party), who shall be nominated by the President for a term of four years and subject to confirmation by the Senate. and inserting of four members of the public (hereinafter in this title referred to as public trustees ), to be appointed in accordance with paragraph (2). A public trustee may not serve more than two consecutive full terms. In any case in which a public trustee leaves office on any date prior to the end of a term, the offices of both public trustees shall be deemed vacant as of such date. ; (B) by striking member of the Board of Trustees serving as a member of the public and and inserting public trustee ; and (C) by striking An individual nominated and confirmed as a member of the public may serve in such position after the expiration of such member's term until the earlier of the time at which the member’s successor takes office or the time at which a report of the Board is first issued under paragraph (2) after the expiration of the member’s term and inserting A public trustee may serve in such position after the expiration of the public trustee’s term until the time at which a successor takes office ; (4) by striking It shall be the duty of the Board of Trustees to— and inserting the following: (3) It shall be the duty of the Board of Trustees to—