(a) In general

The Council shall provide advice to the Under Secretary by—

(1) serving as a source of knowledge and information on developments in areas of the economic and social life of the United States that affect socially or economically disadvantaged business concerns;

(2) providing the Under Secretary with information regarding plans, programs, and activities in the public and private sectors that relate to socially or economically disadvantaged business concerns; and

(3) advising the Under Secretary regarding—

(A) any measures to better achieve the objectives of this chapter; and

(B) problems and matters the Under Secretary refers to the Council.

(b) Capacity

Members of the Council shall not be compensated for service on the Council but may be allowed travel expenses, including per diem in lieu of subsistence, in accordance with subchapter I of chapter 57 of title 5.

(c) Termination

Notwithstanding section 14 of the Federal Advisory Committee Act (5 U.S.C. App.),¹ the Council shall terminate on the date that is 5 years after November 15, 2021.