; (C) determine whether to adopt, reject, or adopt with modifications the proposed code, standard, or policy; (D) provide a public rationale for the determination under subparagraph (C); and (E) promulgate rules to carry out the determination under subparagraph (C) in accordance with section 553 of title 5, United States Code. (5) Updates Not less frequently than once every 5 years, the Commission shall review and update, as necessary, any behavioral code, technical standard, or other policy established by rule under paragraph (4). (6) Rule of construction Nothing in this subsection shall be construed to affect the authority of the Commission to promulgate rules under section 9. (f) Qualifications (1) Citizenship Each member of the Council shall be a United States citizen or an alien lawfully admitted for permanent residence to the United States. (2) Conflicts of interest (A) In general Subject to subparagraphs (B) and (C), no member of the Council other than a member appointed under subsection (b)(1)(A) shall— (i) be financially interested in any company or other entity engaged in the business of providing online services; (ii) be financially interested in any company or other entity that controls any company or other entity specified in clause (i), or that derives a significant portion of its total income from ownership of stocks, bonds, or other securities of any such company or other entity