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139 STAT. 254 PUBLIC LAW 119–21—JULY 4, 2025 with section 1260H of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116–283; 10 U.S.C. 113 note), ‘‘(iii) an entity included on a list required by clause (i), (ii), (iv), or (v) of section 2(d)(2)(B) of Public Law 117–78 (135 Stat. 1527), ‘‘(iv) an entity specified under section 154(b) of the National Defense Authorization Act for Fiscal Year 2024 (Public Law 118–31; 10 U.S.C. note prec. 4651), or ‘‘(v) a foreign-controlled entity. ‘‘(C) FOREIGN-CONTROLLED ENTITY.—For purposes of subparagraph (B), the term ‘foreign-controlled entity’ means— ‘‘(i) the government (including any level of govern- ment below the national level) of a covered nation, ‘‘(ii) an agency or instrumentality of a government described in clause (i), ‘‘(iii) a person who is a citizen or national of a covered nation, provided that such person is not an individual who is a citizen, national, or lawful perma- nent resident of the United States, ‘‘(iv) an entity or a qualified business unit (as defined in section 989(a)) incorporated or organized under the laws of, or having its principal place of business in, a covered nation, or ‘‘(v) an entity (including subsidiary entities) con- trolled (as determined under subparagraph (G)) by an entity described in clause (i), (ii), (iii), or (iv). ‘‘(D) FOREIGN-INFLUENCED ENTITY.— ‘‘(i) IN GENERAL.—For purposes of subparagraph (A), the term ‘foreign-influenced entity’ means an entity— ‘‘(I) with respect to which, during the taxable year— ‘‘(aa) a specified foreign entity has the direct authority to appoint a covered officer of such entity, ‘‘(bb) a single specified foreign entity owns at least 25 percent of such entity, ‘‘(cc) one or more specified foreign entities own in the aggregate at least 40 percent of such entity, or ‘‘(dd) at least 15 percent of the debt of such entity has been issued, in the aggregate, to 1 or more specified foreign entities, or ‘‘(II) which, during the previous taxable year, made a payment to a specified foreign entity pursu- ant to a contract, agreement, or other arrangement which entitles such specified foreign entity (or an entity related to such specified foreign entity) to exercise effective control over— ‘‘(aa) any qualified facility or energy stor- age technology of the taxpayer (or any person related to the taxpayer), or