; and (B) any company, in which a person or entity described in subparagraph (A) has a significant stake, which is responsible for, or complicit in, an act of corruption. (3) The term corruption means the unlawful exercise of entrusted public power for private gain, including by bribery, nepotism, fraud, or embezzlement. (4) The term significant corruption means corruption committed at a high level of government that has some or all of the following characteristics: (A) Illegitimately distorts major decision-making, such as policy or resource determinations, or other fundamental functions of governance. (B) Involves economically or socially large-scale government activities. 5403. Publication and provision of lists regarding progress on anti-corruption efforts (a) Public list The Secretary of State shall publish annually, on a publicly accessible website, a list of foreign countries where the government is sustaining or making good progress on anti-corruption efforts in accordance with the minimum standards set forth in section 5404. Such list shall include a brief description of each such country’s progress or justification for being on such list. (b) Classified list The Secretary of State shall provide to the appropriate congressional committees a classified list of countries where the government is making limited or no efforts to comply with minimum standards set forth in section 5404, and are not achieving meaningful progress on combating corruption. Such list shall include a brief description of each country’s lack of progress or justification for being on such list. (c) Annual update The Secretary of State shall provide an annual update in a classified setting to the appropriate congressional committees on the United States Government’s efforts to fight against corruption. This update should include an overview of the key obstacles to combating corruption and present near-term and long-term strategies. (d) Implementation and timing (1) Deadline The publication and submission of the lists and the annual