; (IV) manufacturers; (V) businesses primarily owned or controlled by individuals in underserved communities before receiving capital from the licensee; (VI) rural areas; or (VII) underfinanced States; and (ii) not fewer less than 1 shall be a representative from a trade association for the small business investment program under title III of the Small Business Investment Act of 1958 ( 15 U.S.C. 681 et seq. ). (C) 8 members appointed by the Administrator as follows: (i) 2 members shall be selected from among the individuals in the list submitted by the Chair of the Committee on Small Business and Entrepreneurship of the Senate under paragraph (2). (ii) 2 members shall be selected from among the individuals in the list submitted by the Ranking Member of the Committee on Small Business and Entrepreneurship of the Senate under paragraph (2). (iii) 2 members shall be selected from among the individuals in the list submitted by the Chair of the Committee on Small Business of the House of Representatives under paragraph (2). (iv) 2 members shall be selected from among the individuals in the list submitted by the Ranking Member of the Committee on Small Business of the House of Representatives under paragraph (2). (2) Recommendations Not later than 30 days after the date of enactment of this Act, each of the covered Members shall provide to the Administrator a list of 3 candidates for membership on the Advisory Committee, who shall be individuals who have no conflict of interest in the small business investment program under title III of the Small Business Investment Act of 1958 ( 15 U.S.C. 681 et seq. ) and hold a high-ranking position or senior leadership role in— (A) a relevant industry trade association; (B) the investment industry with expertise in pensions, endowments, and other non-banking institutions; (C) academia with expertise in the investment industry