Institute means the Leadership Institute for Transatlantic Engagement established under section 4. (2) The term Board means the Board of Trustees of the Institute. (3) The term Fund means the Leadership Institute for Transatlantic Engagement Trust Fund under section 6. (4) The term underrepresented population means a population of individuals who have historically been outside the purview of leadership in international or domestic public or private sector careers, based upon race, ethnicity, color, religion, gender, sex (including pregnancy, gender identity, and sexual orientation), national origin, youth (under 25), disability, or other demographic factors. (5) The term minority serving institutions as defined in section 365(3) of the Higher Education Act of 1965 ( 20 U.S.C. 1067k(3) ). 4. Establishment of Leadership Institute for Transatlantic Engagement (a) Establishment There is established in the legislative branch the Leadership Institute for Transatlantic Engagement. (b) Board of Trustees The Institute shall be subject to the supervision and direction of a Board of Trustees which shall be composed of five members as follows: (1) Two members appointed by the Speaker of the House of Representatives, one of whom shall be designated by the majority leader of the House of Representatives and one of whom shall be designated by the minority leader of the House of Representatives. (2) Two members appointed by the President pro tempore of the Senate, one of whom shall be designated by the majority leader of the Senate and one of whom shall be designated by the minority leader of the Senate. (3) The Executive Director of the Institute, who shall serve as an ex officio member of the Board. (c) Term Each member of the Board appointed under this section shall serve for a term of three years. Any vacancy shall be filled in the same manner as the original appointment and the individual so appointed shall serve for the remainder of the term. A Member of Congress appointed to the Board may not serve as a member of the