; and (C) by adding at the end the following new paragraph: (3) make formal reports and recommendations to Federal agencies, which shall include comments on how proposed regulatory changes would impact persons experiencing homelessness, housing instability, or who are cost-burdened. . 503. Advisory board (a) In general Title II of the McKinney-Vento Homeless Assistance Act is amended by inserting after section 206 ( 42 U.S.C. 11316 ) the following new section: 207. Advisory board (a) Establishment There is established an advisory board for the Council. (b) Membership (1) Selection The advisory board shall be composed of not less than 20 individuals, selected by the Executive Director of the Council from nominees proposed pursuant to paragraph (2), as follows: (A) Not less than 10 members shall be individuals who are homeless or experiencing housing instability, or were so during the 5 calendar years preceding appointment to the advisory board or who have been so in the last 5 calendar years. (B) Not less than 8 members shall be individuals who are members of, or advocate on behalf of, or both, a population at higher risk of homelessness, as such term is defined in section 2 of the Housing Is a Human Right Act of 2023 , including such transgender and gender non-conforming persons, Asian, Black, Latino, Native American, Native Hawaiian, Pacific Islander, and other communities of color, youth in or formerly in the foster care system, and justice-system involved youth and adults. (2) Nomination Nominees for members of the advisory board shall be proposed by any grantee or subgrantee under this Act. (3) Report Upon selection of members of the advisory board, the Executive Director of the Council shall submit a report to the Congress identifying the members selected and demonstration compliance with the provisions of this subsection. (4) Terms Members of the advisory board shall serve terms of 2 years. (c) Functions The advisory board shall review the work of the Council, make recommendations regarding how the Council