; and (D) are not currently an elected official. (3) Disqualifications for appointments (A) Lobbying No individual required to register as a lobbyist under section 4 of the Lobbying Disclosure Act of 1995 ( 2 U.S.C. 1603 ) may be appointed to, or serve on, the Board. (B) Incompatible office No member of the Board may hold or may have held the position of Member of the House of Representatives or Senator, may hold the position of officer or employee of the House of Representatives, Senate, or instrumentality or other entity of the legislative branch, or may have held such a position within 4 years of the date of appointment. (4) Term (A) In general The members of the Board shall serve 6-year terms, staggered such that the terms of 2 members ends every 2 years. (B) Political affiliation The 2 members serving terms that end at the same time may not be members of the same political party. (C) Members take office together With respect to the 2 individuals appointed to fill terms ending at the same time, neither individual may begin serving as a member of the Board until both have been appointed and confirmed by the Senate. (D) Authority to serve until a successor is appointed Upon the expiration of a term of a member of the Board, that member shall continue to serve until a successor is appointed. (E) Limitation An individual may only serve as a member of the Board for a maximum of 2 terms. (F) Removal for cause The President may remove a member of the Board only for inefficiency, neglect of duty, or malfeasance in office. (5) Deadline for initial appointments The initial members of the Board shall be appointed no later than 90 days after the date of enactment of this section. (6) Chair Each member of the Board shall serve as the Chair of the Board during the final year of the term for which the member is appointed. (7) Conflicts of interest Each member of the Board shall, with respect to entities in which the Trust Fund invests, either divest any interest in such entities or place such interests into a blind trust.