; (ii) directly or through an affiliate, acts as a control person; and (iii) is not a venture capital fund, as defined in section 275.203(l)–1 of title 17, Code of Federal Regulations, as in effect on the date of enactment of this Act; and (B) does not include an institution selected under section 107 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4706 ). (14) Relative The term relative has the meaning given the term in section 101 of title 11, United States Code. (15) Target firm The term target firm means a corporation that is acquired in a change in control transaction. I Corporate responsibility 101. Joint and several liability for controlling private funds (a) In general Notwithstanding any other provision of law, or the terms of any contract or agreement, a private fund shall be jointly and severally liable for all liabilities of each target firm with respect to the private fund, and any affiliate of such a target firm, including— (1) any debt incurred by the target firm or an affiliate of the target firm, including as part of the acquisition of the target firm by the private fund; (2) any Federal or State civil monetary penalty, or obligation under a settlement or consent order with a Federal or State governmental agency or instrumentality, including a consumer restitution obligation, for which the target firm, or an affiliate of the target firm, is liable; (3) any liability resulting from a violation of section 3 of the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2102 ) by the target firm or an affiliate of the target firm; (4) any withdrawal liability determined under part 1 of subtitle E of title IV of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1381 et seq.) that is incurred by the target firm or an affiliate of the target firm