TERMS OF OFFICE.

SEC. 1701. TERMS OF OFFICE. Section 192 (42 U.S.C. 12651a) is amended—(1) by striking subsection (c) and inserting the following:“(c) Terms.—Subject to subsection (e), each appointed member shall serve for a term of 5 years.”; and(2) by adding at the end the following:“(e) Service Until Appointment of Successor.—A voting member of the Board whose term has expired may continue to serve on the Board until the date on which the member’s successor takes office, which period shall not exceed 1 year.”.