; (B) the financing, development, or operation of infrastructure projects, including the evaluation and selection of eligible projects; or (C) the management and administration of a financial institution that provides financing for infrastructure projects; and (3) represent different geographic regions of the United States to ensure rural areas and small communities are represented. (d) Initial appointments Not later than 30 days after the date of enactment of this Act, the President and congressional leadership shall appoint the members of the Board in accordance with subsections (b) and (c). (e) Chair The Chair of the Board shall be designated by the President from among the members appointed under subsection (b). (f) Terms Each member of the Board shall hold office for a term of 5 years, except as provided in the following paragraphs: (1) Terms of initial appointees As designated by the President and congressional leadership at the time of appointment— (A) the Chair shall be appointed for a term of 5 years; (B) the 4 members appointed by congressional leadership shall be appointed for a term of 4 years