; (2) section 620A(a) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2371(a) ); (3) section 40(d) of the Arms Export Control Act ( 22 U.S.C. 2780(d) ); or (4) any other provision of law. (b) Prohibition on support of sanctioned persons The Corporation is prohibited from supporting a project under title II that benefits any entity subject to sanctions imposed by the United States. 504. Penalties for misrepresentation, fraud, and bribery Subsections (g), (l), and (n) of section 237 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2197 ) shall apply with respect to the Corporation to the same extent and in the same manner as such subsections applied with respect to the Overseas Private Investment Corporation on the day before the date of the enactment of this Act. 505. Market displacement by state-owned enterprises and monopolies (a) Policies with respect to state-Owned enterprises The Corporation shall develop appropriate policies and guidelines to ensure that support provided under title II to a state-owned enterprise, sovereign wealth fund, or a parastatal entity engaged in commercial activities or to a project in which such an entity or fund is participating is provided under appropriate principles of competitive neutrality. (b) Prohibition on support to monopolies The Corporation may not provide support under title II to private sector entities engaged in monopolistic practices. (c) State-Owned enterprise defined (1) In general In this section, the term state-owned enterprise means any enterprise established for a commercial or business purpose that is directly owned or controlled by one or more governments, including any agency, instrumentality, subdivision, or other unit of government at any level of jurisdiction. (2) Control; owned For purposes of paragraph (1): (A) Control The term control , with respect to an enterprise, means the power by any means to control the enterprise regardless of— (i) the level of ownership