measures described in subsection (a) adopted before the date of the enactment of this Act, the State or local government that adopted the measure shall submit written notice to the Attorney General describing the measure not later than 30 days after the date of the enactment of this Act. (d) Nonpreemption A measure of a State or local government that is consistent with subsection (a) is not preempted by any Federal law. (e) Effective date This section applies to any measure adopted by a State or local government before, on, or after the date of the enactment of this Act. (f) Prior enacted measures (1) In general Notwithstanding any other provision of this section or any other provision of law, and except as provided in paragraph (2), a State or local government may enforce a measure described in subsection (a) adopted by the State or local government before the date of the enactment of this Act without regard to the requirements of subsection (b). (2) Application of notice and opportunity for comment A measure described in paragraph (1) shall be subject to the requirements of subsection (b) on and after the date that is 2 years after the date of the enactment of this Act. (g) Definitions and rules of construction (1) Definitions In this section: (A) Assets (i) In general Except as provided in clause (ii), the term assets means any pension, retirement, annuity, or endowment fund, or similar instrument, that is controlled by a State or local government. (ii) Exception The term assets does not include employee benefit plans covered by title I of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1001 et seq.). (B) Boycott, divestment, or sanctions activity targeting Israel The term boycott, divestment, or sanctions activity targeting Israel means any activity that is intended to penalize, inflict economic harm on, or otherwise limit commercial relations with Israel or persons doing business as described in section 102(b)(20)(B) of the Bipartisan Congressional Trade Priorities and Accountability Act of