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139 STAT. 259 PUBLIC LAW 119–21—JULY 4, 2025 aggregate, not less than 40 percent of such entity, or ‘‘(II) such entity has issued debt, as part of an original issuance, in excess of 15 percent of its publicly-traded debt to 1 or more specified for- eign entities. ‘‘(F) COVERED OFFICER.—For purposes of this para- graph, the term ‘covered officer’ means, with respect to an entity— ‘‘(i) a member of the board of directors, board of supervisors, or equivalent governing body, ‘‘(ii) an executive-level officer, including the presi- dent, chief executive officer, chief operating officer, chief financial officer, general counsel, or senior vice president, or ‘‘(iii) an individual having powers or responsibil- ities similar to those of officers or members described in clause (i) or (ii). ‘‘(G) DETERMINATION OF CONTROL.—For purposes of subparagraph (C)(v), the term ‘control’ means— ‘‘(i) in the case of a corporation, ownership (by vote or value) of more than 50 percent of the stock in such corporation, ‘‘(ii) in the case of a partnership, ownership of more than 50 percent of the profits interests or capital interests in such partnership, or ‘‘(iii) in any other case, ownership of more than 50 percent of the beneficial interests in the entity. ‘‘(H) DETERMINATION OF OWNERSHIP.—For purposes of this paragraph, section 318(a)(2) shall apply for purposes of determining ownership of stock in a corporation. Similar principles shall apply for purposes of determining owner- ship of interests in any other entity. ‘‘(I) OTHER DEFINITIONS.—For purposes of this para- graph— ‘‘(i) APPLICABLE CRITICAL MINERAL.—The term ‘applicable critical mineral’ has the same meaning given such term under section 45X(c)(6). ‘‘(ii) COVERED NATION.—The term ‘covered nation’ has the same meaning given such term under section 4872(f)(2) of title 10, United States Code. ‘‘(iii) ELIGIBLE COMPONENT.—The term ‘eligible component’ has the same meaning given such term under section 45X(c)(1). ‘‘(iv) ENERGY STORAGE TECHNOLOGY.—The term ‘energy storage technology’ has the same meaning given such term under section 48E(c)(2). ‘‘(v) QUALIFIED FACILITY.—The term ‘qualified facility’ means— ‘‘(I) a qualified facility, as defined in section 45Y(b)(1), and ‘‘(II) a qualified facility, as defined in section 48E(b)(3). ‘‘(vi) RELATED.—The term ‘related’ shall have the same meaning given such term under sections 267(b) and 707(b). Applicability.