; and (B) verified that the person engages in investment activities in North Korean covered property. (d) Notice to Department of Justice Not later than 30 days after a State or local government applies a measure under this section, the State or local government shall notify the Attorney General of that measure. (e) Authorization for prior applied measures (1) In general Notwithstanding any other provision of this section or any other provision of law, a State or local government may enforce a measure (without regard to the requirements of subsection (c), except as provided in paragraph (2)) applied by the State or local government before the date of the enactment of this Act that provides for the divestment of assets of the State or local government from, or prohibits the investment of the assets of the State or local government in, any person that the State or local government determines, using credible information available to the public, engages in investment activities in North Korean covered property that are identified in that measure. (2) Application of notice requirements A measure described in paragraph (1) shall be subject to the requirements of paragraphs (1), (2), and (3)(A) of subsection (c) on and after the date that is two years after the date of the enactment of this Act. (f) No preemption A measure applied by a State or local government authorized under subsection (b) or (e) is not preempted by any Federal law. (g) Definitions In this section: (1) Asset (A) In general Except as provided in subparagraph (B), the term asset means public monies, and includes any pension, retirement, annuity, endowment fund, or similar instrument, that is controlled by a State or local government. (B) Exception The term asset 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.). (2) Investment The term investment includes— (A) a commitment or contribution of funds or property; (B) a loan or other extension of credit