; limitation on actions (A) In general The Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq.) is amended— (i) in section 12(d) ( 15 U.S.C. 80a–12(d) ), by adding at the end the following: (6) (A) It shall be unlawful for any investment company, or any person that would be an investment company but for the application of paragraph (1) or (7) of section 3(c), to invest in a covered entity. (B) In this paragraph, the term covered entity has the meaning given the term in section 2(a) of the American Financial Markets Integrity and Security Act . ; and (ii) in section 13(c)(1)— (I) in subparagraph (A), by striking or at the end; (II) in subparagraph (B), by striking the period at the end and inserting or ; and (III) by adding at the end the following: (C) are covered entities, as that term is defined in section 12(d)(6)(B). . (B) Effective date The amendments made by subparagraph (A) shall take effect on the date that is 1 year after the date of enactment of this Act. (3) Federal funds (A) In general Except as provided in subparagraph (B), on and after the date that is 180 days after the date of enactment of this Act, no Federal funds may be used to enter into, extend, or renew a contract or purchasing agreement with a covered entity. (B) Waiver The head of a Federal agency may issue a national security waiver to the prohibition in subparagraph (A) for a period of not more than 2 years with respect to a covered entity if the agency head submits to Congress a notification that includes— (i) a written justification for the waiver