; (C) the total value of employer securities; (D) the aggregate assets of all membership accounts of the cooperative; (E) the median membership account balance; and (F) demographic information of membership base, disaggregated by race, gender, and State. (n) Implementation milestones (1) In general Not later than 180 days after the date of enactment of this section, the Administrator shall begin accepting applications to be licensed to participate in the facility as an employee equity investment company (including as a Protege EEIC). (2) Exclusion of leverage Not later than 1 year after the date of enactment of this section, the Administrator shall begin excluding from the calculation of outstanding leverage, as described in section 303(b)(2)(F), covered investments described in clause (iii) of such section. (3) License timeline Not later than 1 year after the date of enactment of this section, the Administrator shall approve the first tranche of licenses to participate in the facility as an employee equity investment company (including as a Protege EEIC) with respect to applicants that satisfy the applicable eligibility criteria. (o) Sunset (1) Definition In this subsection, the term sunset date means the first day of the twentieth calendar year that begins after the date on which the Administrator approves the first license to participate in the facility as an employee equity investment company (including as a Protege EEIC). (2) Termination of authority On and after the sunset date, the Administrator may not license an entity to participate in the facility as an employee equity investment company (including as a Protege EEIC) or select an entity to participate in the facility as a non-EEIC company. (3) Continued participation by existing entities Nothing in paragraph (2) shall be construed to prohibit— (A) an employee equity investment company from continuing to draw leverage on and after the sunset date that was committed to the entity through the facility before the sunset date