; and (ii) by adding at the end the following: (B) in any other business enterprise in Iran, including an entity that is owned or controlled by the Government of Iran; or ; and (B) in paragraph (2)— (i) by striking $20,000,000 and inserting $10,000,000 ; and (ii) by adding after energy sector of Iran the following: or otherwise in a business enterprise in Iran, including an entity that is owned or controlled by the Government of Iran . (4) Subsection (f) is amended to read as follows: (f) Nonpreemption; no conflict with U.S. Foreign and International Commerce Policy A measure of a State or local government authorized under subsection (b), (i), or (j)— (1) is authorized and not preempted by any Federal law or regulation, or any policy, agreement, or exercise of waiver authority of the executive branch; and (2) is consistent with United States Federal policy, including United States foreign policy. . (5) Subsection (g) is amended by adding at the end the following: (3) Own or control An entity is owned or controlled by the Government of Iran if the Government of Iran— (A) holds more than 20 percent of the equity interest by vote or value in the entity; (B) has the right or ability to elect a majority of seats on the board of directors of the entity; or (C) otherwise controls the actions, policies, or personnel decisions of the entity. . (6) Subsection (h) is amended— (A) in paragraph (1), by striking or subsection (i) and inserting and subsections (i) and (j) ; and (B) in paragraph (2), by striking subsection (i) and inserting subsections (i) and (j) . (7) Subsection (i) is amended by adding at the end the following: (3) Applicability of prior provisions Paragraphs (1) and (2) apply with respect to this section as in effect on the day before the effective date of the State Sanctions Against Iranian Terrorism Act . . (8) Section 202 is further amended— (A) by redesignating subsection (j) as subsection (k)