of a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l); or

that is required to file supplementary and periodic information under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d));

established under the laws of the United States, an Indian Tribe, a State, or a political subdivision of a State, or under an interstate compact between 2 or more States; and

that exercises governmental authority on behalf of the United States or any such Indian Tribe, State, or political subdivision;

section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813);

section 2(a) of the Investment Company Act of 1940 (15 U.S.C. 80a–2(a)); or

section 202(a) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a));

is an investment company (as defined in section 3 of the Investment Company Act of 1940 (15 U.S.C. 80a–3)) or an investment adviser (as defined in section 202 of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2)); and

is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) or the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.);

described in section 203(l) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–3(l)); and

that has filed Item 10, Schedule A, and Schedule B of Part 1A of Form ADV, or any successor thereto, with the Securities and Exchange Commission;

is an insurance producer that is authorized by a State and subject to supervision by the insurance commissioner or a similar official or agency of a State; and

has an operating presence at a physical office within the United States;

a registered entity (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)); or

organization that is described in section 501(c) of the Internal Revenue Code of 1986 (determined without regard to section 508(a) of such Code) and exempt from tax under section 501(a) of such Code, except that in the case of any such organization that loses an exemption from tax, such organization shall be considered to be continued to be described in this subclause for the 180-day period beginning on the date of the loss of such tax-exempt status;

political organization (as defined in section 527(e)(1) of such Code) that is exempt from tax under section 527(a) of such Code; or

trust described in paragraph (1) or (2) of section 4947(a) of such Code;

operates exclusively to provide financial assistance to, or hold governance rights over, any entity described in clause (xix);

is a United States person;

is beneficially owned or controlled exclusively by 1 or more United States persons that are United States citizens or lawfully admitted for permanent residence; and

derives at least a majority of its funding or revenue from 1 or more United States persons that are United States citizens or lawfully admitted for permanent residence;

employs more than 20 employees on a full-time basis in the United States;

has an operating presence at a physical office within the United States;

in existence for over 1 year;

that is not engaged in active business;

that is not owned, directly or indirectly, by a foreign person;

that has not, in the preceding 12-month period, experienced a change in ownership or sent or received funds in an amount greater than $1,000 (including all funds sent to or received from any source through a financial account or accounts in which the entity, or an affiliate of the entity, maintains an interest); and

that does not otherwise hold any kind or type of assets, including an ownership interest in any corporation, limited liability company, or other similar entity;

would not serve the public interest; and

would not be highly useful in national security, intelligence, and law enforcement agency efforts to detect, prevent, or prosecute money laundering, the financing of terrorism, proliferation finance, serious tax fraud, or other crimes.