; (ii) an appropriate securities license, as determined by the Deputy Chief; and (iii) held the position of investment banker as commonly understood for hiring at private entities. (2) Compensation Notwithstanding any provision of title 5, United States Code, governing the rates of pay or classification of employees in the executive branch, the Deputy Chief may prescribe the rates of basic pay for program managers appointed under paragraph (1)(A)(ii) at a rate not in excess of a rate equal to 150 percent of the maximum rate of basic pay authorized for positions at level I of the Executive Schedule under section 5312 of title 5, United States Code. (3) Evaluations of program managers (A) In general The Deputy Administrator for Programs shall establish criteria to evaluate the effectiveness of program managers, which shall include measuring the economic success of portfolio instruments approved by program managers. (B) Dismissal Upon the determination that a program manager fails to meet the criteria described in subparagraph (A), the Deputy Administrator for Programs may recommend the dismissal of such program manager, who may be dismissed at the discretion of the Chief Administrator. (4) Limitation on term of appointment (A) In general Except as provided in subparagraph (B), the service of a program manager appointed under paragraph (1)(A)(ii) may not exceed 5 years. (B) Extension The Deputy Chief may, in the case of a particular program manager appointed under paragraph (1)(A)(ii), extend the period to which service is limited under subparagraph (A) by up to 2 years if the Deputy Chief determines that such action is necessary to promote the efficiency of the Unit, as applicable. (g) Authorities relating to provision of support (1) In general The authorities in this subsection shall only be exercised to— (A) carry out of the policy of the United States in section 251 of the Americas Act and the purposes of the Unit in subsection (b)