; and (2) not later than 9 months after the establishment of the Advisory Group, submit a report to the Commission, the Committee on Financial Services of the House of Representatives, and the Committee on Banking, Housing, and Urban Affairs of the Senate that— (A) describes any findings from the study conducted pursuant to paragraph (1); and (B) makes recommendations of strategies that issuers could use to increase gender, racial, and ethnic diversity among board members. (c) Annual report Not later than 1 year following the submission of a report pursuant to subsection (b), and annually thereafter, the Commission shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that describes the status of gender, racial, and ethnic diversity among members of the board of directors of issuers. (d) Public availability of reports The Commission shall make all reports of the Advisory Group available to issuers and the public, including on the website of the Commission. (e) Definitions For the purposes of this section: (1) Issuer The term issuer has the meaning given the term in section 3 of the Securities Exchange Act of 1934. (2) Commission The term Commission means the Securities and Exchange Commission.