; and (ii) except as otherwise expressly provided, responsible for the administration of this Act. (B) Compensation The Administrator shall be compensated at an annual rate of basic pay prescribed for level IV of the Executive Schedule under section 5315 of title 5, United States Code. (C) Transition period The individual serving as the Director of the Minority Business Development Agency on the day before the date of enactment of this Act shall serve as the Administrator of the Administration until such time as the first Administrator is confirmed by the Senate pursuant to subparagraph (A). (3) Report to Congress Not later than 120 days after the date of enactment of this Act, the Administrator shall submit to Congress a report that describes the organizational structure of the Administration. (4) Administrative powers and other powers of the Administration; miscellaneous provisions (A) In general In carrying out the duties and the responsibilities of the Administration, the Administrator may— (i) hold hearings, sit and act, and take testimony as the Administrator may determine to be necessary or appropriate; (ii) acquire, in any lawful manner, any property that the Administrator may determine to be necessary or appropriate; (iii) make advance payments under grants, contracts, and cooperative agreements awarded by the Administration; (iv) enter into agreements with other Federal agencies; (v) coordinate with the heads of the Offices of Small and Disadvantaged Business Utilization of Federal agencies; (vi) require a coordinated review of all training and technical assistance activities that are proposed to be carried out by Federal agencies in direct support of the development of minority business enterprises to— (I) assure consistency with the purposes of this Act; and (II) avoid duplication of existing efforts