; or (B) is an alien lawfully admitted for permanent residence in the United States. (16) Widely held The term widely held means a fund that has not less than 100 natural persons as direct or indirect investors. 3. Disclosure of ownership of high-security space leased for Federal agencies (a) Required disclosures Before entering into a lease agreement with a covered entity or approving a novation agreement with a covered entity involving a change of ownership under a lease that will be used for high-security leased space, a Federal lessee shall require the covered entity to identify and disclose whether the immediate or highest-level owner of the leased space, including an entity involved in the financing thereof, is a foreign person or a foreign entity, including the country associated with the ownership entity. (b) Notification If a disclosure is made under subsection (a), the Federal lessee shall notify the Federal tenant of the building or other improvement that will be used for high-security space in writing, and consult with the Federal tenant, regarding security concerns and necessary mitigation measures, if any, prior to award of the lease or approval of the novation agreement. (c) Timing (1) In general A Federal lessee shall require a covered entity to provide the information described in subsection (a) to a covered entity when first submitting a proposal in response to a solicitation for offers issued by the Federal lessee. (2) Updates A Federal lessee shall require a covered entity to update a submission of the information described in subsection (a) annually, beginning on the date that is 1 year after the date on which the Federal tenant began occupancy, with information including— (A) the list of immediate or highest-level owners of the covered entity during the preceding 1-year period of Federal occupancy