; or (II) hosts, sponsors, or otherwise promotes annual, or on a more frequent basis, events featuring reporters, journalists, or United States or foreign government officials; and (B) excludes— (i) an institution , as defined in section 117 of the Higher Education Act of 1965 ( 20 U.S.C. 1011f ), that is subject to that section; and (ii) an entity organized and operated exclusively for religious purposes. (5) Foreign principal The term foreign principal includes— (A) a government of a foreign country or a foreign political party; (B) a person outside of the United States, unless it is established that— (i) the person is an individual and a citizen of the United States; or (ii) the person— (I) is not an individual and is organized under or created by the laws of the United States or of any State or other place subject to the jurisdiction of the United States; and (II) has its principal place of business within the United States