and has experience working with and advocating on behalf of consumers, appointed by the Secretary of the Treasury. (5) One individual who is a member of, and has experience working with and advocating on behalf of, communities that have been historically underbanked and unbanked, including rural communities, low- and moderate-income communities, federally recognized Indian Tribes, and territories of the United States, appointed by the Secretary of the Treasury. (6) Any other individuals, but no more than four, appointed by the Secretary of the Treasury, as the Secretary determines appropriate. (c) Chairperson The Secretary of the Treasury (or the Secretary’s designee, as applicable) shall serve as the chairperson of the Working Group. (d) Terms (1) In general A term of the Working Group shall be 2 years. (2) Limitation Each individual appointed under paragraphs (3) through (6) of subsection (b) may only serve one term. (3) First term The first term of the Working Group shall begin on January 1st of the first calendar year that begins after the date of enactment of this Act. (e) Meetings The Working Group shall convene no later than 60 days after the beginning of the first term of the Working Group and shall meet no less than twice a year thereafter. (f) Compensation Members of the Working Group shall receive no additional compensation by reason of their service on the Working Group. (g) Travel expenses Members of the Working Group may be reimbursed by the Federal Government for travel expenses, including per diem in lieu of subsistence, in accordance with applicable provisions under subchapter I of chapter 57 of title 5, United States Code, while away from home or regular places of business in performance of service for the Working Group. (h) Annual reports (1) In general The Working Group shall submit annually to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, a report regarding— (A) the activities of the Working Group