; and (2) the value of such stocks or securities may be influenced by actions taken by the individual in his or her official position, as determined by the Select Committee on Ethics of the Senate or the Committee on Ethics of the House of Representatives, as applicable, in consultation with the Office of Congressional Ethics. (e) Exception Nothing in this section shall be construed to prevent an employee or officials of a Member of Congress or a Member of Congress from owning— (1) a widely held investment fund described in section 102(f)(8) of the Ethics in Government Act of 1978 ( 5 App. U.S.C. 102(f)(8) ), if the investment meets the requirements described in section 105(b)(2); (2) shares of Settlement Common Stock issued under section 7(g)(1)(A) of the Alaska Native Claims Settlement Act ( 43 U.S.C. 1606(g)(1)(A) ); or (3) shares of Settlement Common Stock, as defined in section 3 of the Alaska Native Claims Settlement Act ( 43 U.S.C. 1602 ). 105. Conflicts of interest rules for all senior government officials and nonconflicted Federal employee investment accounts (a) Required divestments of conflicted assets (1) Stocks and securities No senior government official may own an interest in or trade (except a divestment required or approved by the supervising ethics office) any stock, bond, commodity, future, and other form of security, including an interest in a hedge fund, a derivative, option, or other complex investment vehicle, except nonconflicted assets allowed under subsection (b). (2) Commercial real estate No senior government official may maintain ownership in commercial real estate, unless ownership of such commercial real estate is necessary for a qualified small business described in paragraph (4)(C). (3) Trusts (A) In general No senior government official may maintain a financial interest in any trust, including a family trust, if the supervising ethics office determines that the trust includes any— (i) asset that might present a conflict of interest