; (II) data security and privacy; (III) payments, the transfer of funds, and associated messaging services; and (IV) efforts to combat money laundering and the financing of terrorism. (ix) Associated services necessary for use of any of the foregoing exports. (2) Covered countries In this subsection, the term covered country means any country that— (A) the Secretary of the Treasury designates as a covered country in a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Development of the Senate; and (B) is not a participant in the Arrangement on Officially Supported Export Credits of the Organization for Economic Cooperation and Development (in this subsection referred to as the Arrangement ); and (C) is not in substantial compliance with the financial terms and conditions of the Arrangement. (3) Financing (A) In general It shall be a goal of the Agency to reserve not less than 20 percent of the applicable amount (as defined in section 6(a)(2)) for support made pursuant to the Program on China and Transformational Exports. (B) Exception The Secretary of the Treasury may reduce or eliminate the 20 percent goal in subparagraph (A), on reporting to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that the People’s Republic of China is in substantial compliance with— (i) the financial terms and conditions of the Arrangement