; and (D) by inserting after subparagraph (A) (as amended by the preceding provisions of this paragraph) the following: (B) Additional definitions In this subsection: (i) Affiliate status 2 entities are affiliated if— (I) 1 of the entities, directly or indirectly, holds a majority ownership interest in the other entity; or (II) a third party, directly or indirectly, holds a majority ownership interest in both entities. (ii) Non-financial entity The term non-financial entity means— (I) a person not described in subparagraph (A)(i); or (II) a person described in clause (ii), (iii), or (iv) of subparagraph (A). (C) Requirements of non-financial entities A non-financial entity that engages in swaps transactions that the Commission requires a financial entity to clear pursuant to paragraph (1)(A) and Commission regulations shall, with respect to the swaps, report or cause to be reported, to a registered swap data repository their status as a non-financial entity. . 3. Simplifying the end-user affiliate process Section 2(h)(7) of the Commodity Exchange Act ( 7 U.S.C. 2(h)(7) ), as amended by section 2 of this Act, is amended— (1) by striking subparagraph (D) and inserting the following: (D) Risk management through affiliates (i) Exception The requirements of paragraph (1)(A) shall not apply to a swap entered into by a risk management entity if the swap is— (I) used to hedge or mitigate eligible risk originating from one or more affiliated non-financial entities; and (II) not netted, combined, or consolidated with any other swap to which the requirements of paragraph (1)(A) apply. (ii) Risk management entity defined In this subparagraph, the term risk management entity means— (I) an entity described in subclause (II), and not subclause (I), of subparagraph (A)(i), that enters only into transactions related to the management of eligible risk; (II) an entity described in only subclause (III) of subparagraph (A)(i)