‘‘(c) VACANCIES.—(1) Whenever a vacancy in the posi-
tion of Under Secretary for Veterans Economic Oppor-
tunity occurs or is anticipated, the Secretary shall establish 
a commission to recommend individuals to the President 
for appointment to the position. 
‘‘(2) A commission established under this subsection 
shall be composed of the following members appointed by 
the Secretary: 
‘‘(A) Three persons representing education and 
training, vocational rehabilitation, employment, real 
estate, mortgage finance and related industries, and 
survivor benefits activities affected by the Veterans 
Economic Opportunity Administration. 
‘‘(B) Two persons representing veterans served 
by the Veterans Economic Opportunity Administra-
tion. 
‘‘(C) Two persons who have experience in the 
management of private sector benefits programs of 
similar content and scope to the economic oppor-
tunity programs of the Department. 
‘‘(D) The Deputy Secretary of Veterans Affairs. 
‘‘(E) The chairman of the Veterans’ Advisory 
Committee on Education formed under section 3692 
of this title. 
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‘‘(F) One person who has held the position of 
Under Secretary for Veterans Economic Opportunity, 
if the Secretary determines that it is desirable for 
such person to be a member of the commission. 
‘‘(3) A commission established under this subsection 
shall recommend at least three individuals for appointment 
to the position of Under Secretary for Veterans Economic 
Opportunity. The commission shall submit all rec-
ommendations to the Secretary. The Secretary shall forward 
the recommendations to the President and the Committees 
on Veterans’ Affairs of the Senate and House of Representa-
tives with any comments the Secretary considers appro-
priate. Thereafter, the President may request the commis-
sion to recommend additional individuals for appointment. 
‘‘(4) The Assistant Secretary or Deputy Assistant Sec-
retary of Veterans Affairs who performs personnel manage-
ment and labor relations functions shall serve as the execu-
tive secretary of a commission established under this sub-
section. 
‘‘(d) QUALIFICATIONS
OF RECOMMENDED INDIVID-
UALS.—Each individual recommended to the President by 
the commission for appointment to the position of Under 
Secretary for Veterans Economic Opportunity shall be an 
individual who has held a senior level position in the pri-
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vate sector with responsibilities relating to at least one of 
the following: 
‘‘(1) Education policy. 
‘‘(2) Vocational rehabilitation. 
‘‘(3) Employment. 
‘‘(4) Home loan finance. 
‘‘(5) Small business development.’’. 
(2) CLERICAL AMENDMENT.—The table of sec-
tions at the beginning of such chapter is amended by 
inserting after the item relating to section 306 the fol-
lowing new item: 
‘‘306A. Under Secretary for Veterans Economic Opportunity.’’. 
(b) CONFORMING AMENDMENTS.—Title 38, United 
States Code, is further amended— 
(1) in section 306(c)(2), by striking subpara-
graphs (A) and (E) and redesignating subparagraphs 
(B), (C), (D), and (F), as subparagraphs (A) through 
(D), respectively; 
(2) in section 317(d), by inserting after ‘‘Under 
Secretary for Benefits,’’ the following: ‘‘the Under 
Secretary for Veterans Economic Opportunity,’’; 
(3) in section 318(d)(2), by inserting after 
‘‘Under Secretary for Benefits,’’ the following: ‘‘the 
Under Secretary for Veterans Economic Oppor-
tunity,’’; 
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(4) in section 516(e)(2)(C), by striking ‘‘Health 
and the Under Secretary for Benefits’’ and inserting 
‘‘Health, the Under Secretary for Benefits, and the 
Under Secretary for Veterans Economic Oppor-
tunity’’; 
(5) in section 541(a)(2)(B), by striking ‘‘Health 
and the Under Secretary for Benefits’’ and inserting 
‘‘Health, the Under Secretary for Benefits, and the 
Under Secretary for Veterans Economic Oppor-
tunity’’; 
(6) in section 542(a)(2)(B)(iii), by striking 
‘‘Health and the Under Secretary for Benefits’’ and 
inserting ‘‘Health, the Under Secretary for Benefits, 
and the Under Secretary for Veterans Economic Op-
portunity’’; 
(7) in section 544(a)(2)(B)(vi), by striking 
‘‘Health and the Under Secretary for Benefits’’ and 
inserting ‘‘Health, the Under Secretary for Benefits, 
and the Under Secretary for Veterans Economic Op-
portunity’’; 
(8) in section 709(c)(2)(A), by inserting after 
‘‘Under Secretary for Benefits,’’ the following: ‘‘the 
Under Secretary for Veterans Economic Oppor-
tunity,’’. 
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