; and (B) a corporation or other legal entity which is organized under the laws of the United States, any State or territory thereof, or the District of Columbia, if natural persons described in subparagraph (A) own, directly or indirectly, more than 50 percent of the outstanding capital stock or other beneficial interest in such legal entity. (13) Weapons of mass destruction The term weapons of mass destruction means nuclear, radiological, chemical, and biological weapons and delivery systems for such weapons. I Authority and administration of controls 101. Short title This title may be cited as the Export Controls Act of 2018 . 102. Statement of policy The following is the policy of the United States: (1) The national security and foreign policy of the United States require that the export, reexport, and transfer of items, and specific activities of United States persons, wherever located, be controlled for the following purposes: (A) To control the access to items for use in— (i) the proliferation of weapons of mass destruction or of conventional weapons; (ii) the acquisition of destabilizing numbers or types of conventional weapons; (iii) acts of terrorism; (iv) military programs that could pose a threat to the security of the United States or its allies