; (C) upon the concurring votes of 4 members, remove the Executive Director from office for good cause shown; and (D) take such other action as may be necessary to carry out the functions of the Board. (2) Exception Except in the case of investments under section 102(b)(2), the Board may not direct the Executive Director to invest or to cause to be invested any sums in the Fund in a specific asset or to dispose of or cause to be disposed of any specific asset of such Fund. (h) Board responsibilities The members of the Board shall discharge their responsibilities under this Act solely in the interest of participants and beneficiaries. (i) Budget The Board shall prepare and submit to the President, and, at the same time, to the appropriate committees of Congress, an annual budget of the expenses and other items relating to the Board which shall be included as a separate item in the budget required to be transmitted to the Congress under section 1105 of title 31, United States Code. (j) Legislative recommendations The Board may submit to the President, and, at the same time, shall submit to each House of the Congress, any legislative recommendations of the Board relating to any of its functions under this title. 202. The American Worker Retirement Plan Advisory Council (a) Establishment The Board shall establish an American Worker Retirement Plan Advisory Council. The Council shall be composed of 7 members appointed by the Chair of the Board in accordance with subsection (b). (b) Appointment The Chair shall appoint 7 members of the Council, of whom— (1) 3 shall be appointed who have experience managing investment funds; (2) 2 shall be appointed who have experience operating small businesses; and (3) 2 shall be appointed who have experience providing investment advice to small businesses and low-income workers. (c) Head of council; terms