; or (bb) has been lawfully admitted for permanent residence and is not the subject of removal proceedings. (II) Foreign governments (aa) In general Except as provided in item (bb), no agency, official, or other similar entity or representative of a foreign government may provide capital to, or be directly or indirectly involved with the ownership or administration of, a regional center, a new commercial enterprise, or affiliated job-creating entity. (bb) Exception A foreign or domestic investment fund or other investment vehicle that is wholly or partially owned, directly or indirectly, by a bona fide foreign sovereign wealth fund or a foreign state-owned enterprise otherwise permitted to do business in the United States may be involved with the ownership, but not the administration, of a job-creating entity that is not an affiliated job-creating entity. (III) Review of transactions Any transaction involving a regional center, new commercial enterprise, or affiliated job-creating entity that is a covered transaction (as defined in section 721(a)(4) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4) )) is subject to review by the Committee on Foreign Investment in the United States. (IV) Rulemaking Not later than 180 days after the date of the enactment of the Immigrant Investor Program Reform Act , the Secretary of Homeland Security, in consultation with the Secretary of the Treasury and the Secretary of Commerce, shall issue regulations implementing subclauses (I) and (II). (iii) Information required (I) In general Beginning on the date of the enactment of the Immigrant Investor Program Reform Act , the Secretary of Homeland Security shall require such attestations and information, including the submission of fingerprints or other biometrics to the Federal Bureau of Investigation, and shall perform such criminal record checks and other background and database checks with respect to a regional center, new commercial enterprise, and any affiliated job-creating entity, and persons involved with such