; or (cc) a foreign government (as defined in section 230.405 of title 17, Code of Federal Regulations) eligible to register securities under Schedule B of section 77aa; and (II) irrevocably reported to the Commission using Form D, or an addendum to Form D, under section 239.500 of title 17, Code of Federal Regulations (or any successor regulation), that the issuer will register under section 12 of the Securities Exchange Act of 1934 within one year of attaining $250,000,000 in annual revenue as measured under generally accepted accounting principles. (C) Definition of affiliate of the issuer In this subsection, the term affiliate of the issuer has the meaning given such term in section 230.144(a)(1) of title 17, Code of Federal Regulations (or any successor regulation). ; and (4) in subsection (f), as so redesignated, by striking subsection (a)(7) each place such term appears and inserting paragraph (7) or (8) of subsection (a) . (b) Exemption from registration Section 12(g)(2) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l(g)(2) ) is amended by adding at the end the following: (I) any security of an issuer where the issuer irrevocably reported to the Commission using Form D, or an addendum to Form D, under section 239.500 of title 17, Code of Federal Regulations (or any successor regulation), that the issuer will register under section 12 within one year of attaining $250,000,000 in annual revenue as measured under generally accepted accounting principles. . (c) Directed rulemaking Not later than 90 days after the date of the enactment of this Act, the Securities and Exchange Commission shall promulgate any regulations necessary to revise Form D and section 239.500 of title 17, Code of Federal Regulations, to meet the purposes of the amendments made by this Act.