§ 903.
(b)
Functions of Board
On and after the date the Commissioner takes office, the Board shall advise the Commissioner on policies related to the old-age, survivors, and disability insurance program under subchapter II, the program of special benefits for certain World War II veterans under subchapter VIII, and the supplemental security income program under subchapter XVI. Specific functions of the Board shall include—
(1)
analyzing the Nation’s retirement and disability systems and making recommendations with respect to how the old-age, survivors, and disability insurance program and the supplemental security income program, supported by other public and private systems, can most effectively assure economic security;
(2)
studying and making recommendations relating to the coordination of programs that provide health security with programs described in paragraph (1);
(3)
making recommendations to the President and to the Congress with respect to policies that will ensure the solvency of the old-age, survivors, and disability insurance program, both in the short-term and the long-term;
(4)
making recommendations with respect to the quality of service that the Administration provides to the public;
(5)
making recommendations with respect to policies and regulations regarding the old-age, survivors, and disability insurance program and the supplemental security income program;
(6)
increasing public understanding of the social security system;
(7)
making recommendations with respect to a long-range research and program evaluation plan for the Administration;
(8)
reviewing and assessing any major studies of social security as may come to the attention of the Board; and
(9)
making recommendations with respect to such other matters as the Board determines to be appropriate.
(c)
Structure and membership of Board
(1)
The Board shall be composed of 7 members who shall be appointed as follows:
(A)
3 members shall be appointed by the President, by and with the advice and consent of the Senate. Not more than 2 of such members shall be from the same political party.
(B)
2 members (each member from a different political party) shall be appointed by the President pro tempore of the Senate with the advice of the Chairman and the Ranking Minority Member of the Senate Committee on Finance.
(C)
2 members (each member from a different political party) shall be appointed by the Speaker of the House of Representatives, with the advice of the Chairman and the Ranking Minority Member of the House Committee on Ways and Means.
(2)
The members shall be chosen on the basis of their integrity, impartiality, and good judgment, and shall be individuals who are, by reason of their education, experience, and attainments, exceptionally qualified to perform the duties of members of the Board.
(d)
Terms of appointment
Each member of the Board shall serve for a term of 6 years, except that—
(1)
a member appointed to a term of office after the commencement of such term may serve under such appointment only for the remainder of such term; and
(2)
the terms of service of the members initially appointed under this section shall begin on October 1, 1994, and expire as follows:
(A)
The terms of service of the members initially appointed by the President shall expire as designated by the President at the time of nomination, 1 each at the end of—
(B)
The terms of service of members initially appointed by the President pro tempore of the Senate shall expire as designated by the President pro tempore of the Senate at the time of nomination, 1 each at the end of—
(C)
The terms of service of members initially appointed by the Speaker of the House of Representatives shall expire as designated by the Speaker of the House of Representatives at the time of nomination, 1 each at the end of—
([Aug. 14, 1935, ch. 531], title VII, § 703, [49 Stat. 636]; [Aug. 28, 1950, ch. 809], title III, pt. 6, § 361(c), (d), [64 Stat. 558]; [Pub. L. 98–369, div. B, title VI, § 2663](l)(1), July 18, 1984, [98 Stat. 1171]; [Pub. L. 103–296, title I, § 103], Aug. 15, 1994, [108 Stat. 1467]; [Pub. L. 104–121, title I, § 108], Mar. 29, 1996, [110 Stat. 857]; [Pub. L. 105–33, title V, § 5526], Aug. 5, 1997, [111 Stat. 625]; [Pub. L. 106–169, title II, § 251(b)(4)], Dec. 14, 1999, [113 Stat. 1855]; [Pub. L. 108–203, title IV, § 417(a)], Mar. 2, 2004, [118 Stat. 530]; [Pub. L. 117–286, § 4(a)(249)], Dec. 27, 2022, [136 Stat. 4333].)