((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.), the Council shall terminate on the date that is 5 years after .1November 15, 20212021-11-15