; (ii) any category of transactions that the Secretary determines is in the national interest of the United States, as may be defined in regulations prescribed in accordance with section 806; or (iii) any ordinary or administrative business transaction as may be defined in such regulations. (4) Covered foreign entity (A) In general Subject to regulations prescribed in accordance with section 806, and except as provided in subparagraph (B), the term covered foreign entity means— (i) any entity that is incorporated in, has a principal place of business in, or is organized under the laws of a country of concern; (ii) any entity the equity securities of which are primarily traded in the ordinary course of business on one or more exchanges in a country of concern; (iii) any entity in which any entity described in subclause (i) or (ii) holds, individually or in the aggregate, directly or indirectly, an ownership interest of greater than 50 percent; or (iv) any other entity that is not a United States person and that meets such criteria as may be specified by the Secretary of the Treasury in such regulations. (B) Exception The term covered foreign entity does not include any entity described in subparagraph (A) that can demonstrate that a majority of the equity interest in the entity is ultimately owned by— (i) nationals of the United States