; (iii) a person acting solely as an employee of the entity and whose control over or economic benefits from the entity derives solely from the employment status of the person; (iv) a person whose only interest in the entity is through a right of inheritance, unless the person otherwise meets the definition of a beneficial owner under this subsection; and (v) a creditor of the entity, unless the creditor otherwise meets the definition of a beneficial owner under this subsection. (2) Anti-abuse rule The exceptions under paragraph (1)(B) shall not apply if used for the purpose of evading, circumventing, or abusing laws described in subsection (a). B Congressional review and oversight 121. Notification of termination or suspension of sanctions Not less than 15 days before taking any action to terminate or suspend the application of sanctions under this title or an amendment made by this title, the President shall notify the appropriate congressional committees of the President’s intent to take the action and the reasons for the action. 122. Reports on certain licensing actions (a) In general Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report on the operation of the system for issuing licenses for transactions under covered regulatory provisions during the preceding 180-day period that includes— (1) the number and types of such licenses applied for during that period; (2) the number and types of such licenses issued during that period