; and (ii) has more than 100,000,000 unique monthly visitors or users in the United States for a majority of months during the previous 1-year period; (B) User The term user means an individual consumer who uses an online service designed for consumer use by a commercial data operator. (C) User data The term user data means any information that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked with an individual user, whether directly submitted to the commercial data operator by the user or derived from the observed activity of the user by the commercial data operator. (2) Disclosure Each issuer that is, or is a consolidated subsidiary of, a commercial data operator and is required to file an annual or quarterly report under subsection (a) shall disclose in that report the aggregate value, if material, of— (A) user data that the commercial data operator holds; (B) contracts with third parties for the collection of user data through the online service provided by the commercial data operator