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OpenJurist

controlled by a covered nation

Defined in 1 place of the United States Code.

The term “controlled by a covered nation” means, with respect to a retailer—

(A) that the retailer is organized under the laws of a covered nation or any jurisdiction within a covered nation;

(B) that the government of a covered nation—

(i) owns 50 percent or more of the shares of the retailer; or

(ii) otherwise owns the controlling interest in such retailer; or

(C) that the retailer is subject to the direct control of the government of a covered nation.

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