; and (ii) (I) if a recognized tax authority of the institution’s home country is recognized by the Secretary for purposes of making determinations of an institution’s nonprofit status for purposes of title IV, the institution is determined by that tax authority to be a nonprofit educational institution; or (II) if no recognized tax authority of the institution’s home country is recognized by the Secretary for purposes of making determinations of an institution’s nonprofit status for purposes of title IV, the foreign institution demonstrates to the satisfaction of the Secretary that it is a nonprofit educational institution. . (e) Competency-Based education; Competency-based education program Section 103 ( 20 U.S.C. 1003 ) is amended by adding at the end the following: (25) Competency-based education; competency-based education program (A) Competency-based education Except as otherwise provided, the term competency-based education means education that— (i) measures academic progress and attainment— (I) by direct assessment of a student’s level of mastery of competencies; (II) by expressing a student’s level of mastery of competencies in terms of equivalent credit or clock hours; or (III) by a combination of the methods described in subclauses (I) or (II) and credit or clock hours