; or (B) a nontraditional business that is a domestic business. (4) Free from foreign oversight, control, influence, or beneficial ownership The term free from foreign oversight, control, influence, or beneficial ownership , with respect to a person, means a person who has not raised and managed capital from a person or entity that is not trusted and who is otherwise free from foreign oversight, control, influence, or beneficial ownership. (5) Independent The term independent , with respect to a person, means a person who lacks a conflict of interest accomplished by not having entity or manager affiliation or ownership with an existing fund. (6) Nontraditional business The term nontraditional business has the meaning given the term nontraditional defense contractor in section 3014 of title 10, United States Code. (7) Small business The term small business has the meaning given the term small business concern in section 3 of the Small Business Act ( 15 U.S.C. 632 ).