; or (B) the information required to be provided relating to each such immediate or highest-level owner. 4. Immediate, highest-level, and beneficial owners (a) Proposal The General Services Administration shall develop a Government-wide proposal for identifying all immediate, highest-level, or beneficial owners of high-security leased spaces before entering into a lease agreement with a covered entity for the accommodation of a Federal tenant in a high-security leased space. (b) Requirements (1) Contents The proposal described in subsection (a) shall include a process for collecting and utilizing the following information on each immediate, highest-level, or beneficial owner of a high-security leased space: (A) Name. (B) Current residential or business street address. (C) An identifying number or document that verifies identity as a United States person or foreign person. (2) Disclosures and notifications The proposal described in subsection (a) shall— (A) require the disclosure of any immediate, highest-level, or beneficial owner that is a foreign person; (B) require that, if the Federal lessee is assigning the building or other improvement that will be used for high-security space to a Federal tenant, the Federal tenant shall be notified of the disclosure described in subparagraph (A); and (C) exclude collecting ownership information on widely held pooled-investment vehicles, mutual funds, trusts, or other pooled-investment vehicles; and (D) include ownership information on closely held pooled-investment vehicles, mutual funds, trusts, or other pooled-investment vehicles. (c) Report and implementation The General Services Administration shall— (1) not later than 1 year after the date of enactment of this Act, submit the proposal described in subsection (a) to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Reform of the House of Representatives