; and (VI) with respect to a Tribal covered bank, include a number of representatives of Indigenous communities on the board roughly proportionate to the percentage of the population of the geographic area of the relevant entity described in section 101(b)(1) who are Indigenous; (iv) with respect to a covered bank with a Governing Assembly and a People’s Review Board, that is— (I) responsible for the basic operations of the covered bank, including— (aa) hiring and firing senior management; (bb) monitoring and assessing the covered bank’s performance, operations, and investment decisions; (cc) producing internal annual reports; and (dd) interfacing with the People’s Review Board in the issuance of public-facing reports; and (II) responsible for ensuring that the mandates set by the Governing Assembly are successfully implemented; and (v) with respect to a covered bank without a Governing Assembly and People’s Review Board, responsible for the basic operations of the covered bank, including— (I) those responsibilities described under item (aa) through (cc) of clause (iv)(I); (II) setting the core mandates and policies which guide the covered bank’s activities; and (III) issuing public-facing reports. (B) Requirement for larger public lending banks With respect to a public lending bank with more than $500,000,000 in total assets— (i) the establishment of a Governing Assembly, which— (I) shall— (aa) be responsible for setting the broad priorities of the public lending bank’s financing and loan programs over a multi-year investment cycle; (bb) generate the public lending bank’s core mandates; (cc) make binding decisions on the policy of the public lending bank without exercising control over day-to-day decision making; (dd) be composed of members in a manner that ensures adequate representation of, or democratic accountability to, residents within the geographic area of (or, with respect to a corporation or nonprofit instrumentality, the geographic area served by) the relevant entity described in section 101(b)(1)