; or (B) who held an interim security clearance for a period longer than one year, and a justification from the White House Counsel as to why it is in the national security interest of the United States to keep the employee in the position without a permanent security clearance. (c) Definitions In this section— (1) the term appropriate congressional committees means— (A) the Permanent Select Committee on Intelligence and the Committees on Oversight and Government Reform and the Judiciary of the House of Representatives; and (B) the Select Committee on Intelligence and the Committees on Homeland Security and Governmental Affairs and the Judiciary of the Senate; and (2) the term Office means the Executive Office of the President. . (b) Clerical amendment The table of chapters for such title is amended by adding after the item relating to chapter 101 the following: 102. Security Clearances 10201 . B Divestiture of Certain Financial Interests of Federal Officers and Employees and Spouses 211. Divestiture of certain financial interests of Federal officers and employees and spouses (a) Definitions In this section— (1) the term covered significant business interest — (A) means any financial interest of a covered officer or employee in a corporation, company, association, firm, partnership, proprietorship, or any other business entity of which the covered officer or employee is— (i) a trustee; (ii) a partner; (iii) an officer; (iv) a director; or (v) a shareholder who holds more than 10 percent of any class of equity securities; and (B) does not include any financial interest consisting of obligations issued by the Treasury, diversified mutual funds that qualify for a regulatory exemption, or residential property that is not held for the production of rental or other income; (2) the terms conflict-free holding and qualified blind trust have the meanings given those terms in sections 102(f)(3) and 102(f)(8), respectively, of the Ethics in Government Act of 1978 (5 U.S.C. App.)