; and (ii) any transaction described in clauses (ii) through (v) of subparagraph (B) that is proposed, pending, or completed on or after the effective date specified in section 1732(b)(1)(A) of the Foreign Investment Risk Review Modernization Act of 2018 . (B) Transactions described A transaction described in this subparagraph is any of the following: (i) Any merger, acquisition, or takeover that is proposed or pending after August 23, 1988, by or with any foreign person that could result in foreign control of any United States business. (ii) Subject to subparagraph (C), the purchase or lease by a foreign person of, or a concession offered to a foreign person with respect to, private or public real estate that— (I) is located in the United States; (II) (aa) is, is located at, or will function as part of, a land, air, or maritime port; or (bb) (AA) is in close proximity to a United States military installation or another facility or property of the United States Government that is sensitive for reasons relating to national security; (BB) could reasonably provide the foreign person the ability to collect information on activities being conducted at such an installation, facility, or property; or (CC) could otherwise expose national security activities at such an installation, facility, or property to the risk of foreign surveillance