; and (B) any individual who has entered into a contract, or is currently in contract negotiations with, the President or an entity in which the President has a financial interest. . (b) Application (1) In general The amendment made by subsection (a) shall apply to any contrary determination described in paragraph (1) of subsection (k) of section 3001 of the Intelligence Reform and Terrorism Prevention Act of 2004 ( 50 U.S.C. 3341 ), as added by subsection (a), made before, on, or after the date of enactment of this Act. (2) Retroactive determination With respect to any contrary determination under such paragraph (1) made before the date of enactment of this Act, the notification required under such paragraph shall be made not later than 5 days after the date of enactment of this Act. (3) Readjudication (A) In general The security clearance or access determination of any covered individual (as that term is defined in subsection (k) of the Intelligence Reform and Terrorism Prevention Act of 2004 ( 50 U.S.C. 3341 ), as added by subsection (a)) subject to notification under paragraph (2) shall be revoked. (B) Readjudication A subsequent background investigation and agency adjudication is required before a security clearance or access determination may be granted to such covered individual.