The committee established in paragraph (1) shall include the following members: (A) 5 members representing consumer organizations engaged in fair housing, insurance, environmental, climate, and technology advocacy. (B) 3 members selected from individual primary insurance companies selling property insurance policies, including one large national insurer, one medium sized regional insurer, and one small insurer. (C) 1 global reinsurer active in United States property insurance markets. (D) 1 domestic-focused reinsurer active in United States property insurance markets. (E) 2 insurance regulators from a State, Territory, or the District of Colombia. (F) 2 State legislators who serve on State legislative committees with oversight over insurance matters and who are not employed directly or indirectly by any person or organization engaged in the business of insurance. (G) 2 members selected from independent insurance agents who serve traditionally under-served areas. (H) 1 representative from a mortgage lender. (I) 1 representative from a bank. (J) 1 representative from each of the following agencies: (i) The Department of Housing and Urban Development. (ii) The Department of Health and Human Services. (iii) The Federal Housing Finance Agency. (iv) The Department of Veterans Affairs. (v) The Department of Agriculture. (vi) The Federal Emergency Management Agency. (vii) The Office of Management and Budget. (viii) The Environmental Protection Agency. (K) 1 representative from the Financial Stability Oversight Council. (j) Federal Catastrophe Reinsurance Fund (1) In general The Secretary shall establish the Federal Catastrophe Reinsurance Fund (in this section referred to as the Fund ) to hold and invest premiums paid by participating insurers. (2) Issuance of notes and bonds (A) In general If amounts in the Fund are insufficient to pay obligations to participating insurers, the Secretary shall issue notes and bonds under this paragraph, the proceeds of which shall be used for payment obligations to participating