; (B) section 1511(l) of the Transportation Equity Act for the 21st Century; (C) section 610 of title 23, United States Code; or (D) any State law as an agency, component unit, or other governmental entity of the State. 3. Selection of the Formation Agent (a) In general Within 60 days of the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, shall select a Formation Agent which shall— (1) make and file with the Secretary of the Treasury an organization certificate for the Bank in accordance with such rules and regulations as the Secretary may prescribe, including the establishment of the Holding Company; and (2) have significant experience in infrastructure and infrastructure finance. (b) Establishment of the Federal Infrastructure Bank Holding Company Within 30 days after being selected under subsection (a), the Formation Agent shall establish the Federal Infrastructure Bank Holding Company, prescribe the governing structure of the Holding Company, and establish the Federal Infrastructure Bank Holding Company Board of Directors, which shall— (1) initially consist of 7 members; (2) be elected by the shareholders of the Holding Company; (3) serve 4-year terms, only 2 of which may be consecutive; (4) within the limitations of law and regulation, determine and sign the articles of association that govern the operations of the Holding Company, and have the power to adopt, amend, and repeal bylaws governing the performance of the powers and duties granted to or imposed upon the Holding Company by law