procedures under which regulated investment companies, exchange traded funds, and other pooled investments may be certified by the Secretary as not holding any listed investments. (d) Specified educational institution For purposes of this section— (1) In general The term specified educational institution means, with respect to any taxable year, any eligible educational institution (as defined in section 25A(f)(2))— (A) which is not described in the first sentence of section 511(a)(2)(B) (relating to State colleges and universities), and (B) the aggregate fair market value of the assets of which at the end of the preceding taxable year (other than those assets which are used directly in carrying out the institution’s exempt purpose) is in excess of $1,000,000,000. (2) Treatment of related organizations For purposes of subsections (a) and (b), assets held by any related organization (as defined in section 4968(d)(2)) with respect to an educational institution shall be treated as held by such educational institution, except that— (A) such assets shall not be taken into account with respect to more than 1 educational institution, and (B) unless such organization is controlled by such institution or is described in section 509(a)(3) with respect to such institution, assets which are not intended or available for the use or benefit of such educational institution shall not be taken into account. (e) Valuation of debt For purposes of subsection (a), the fair market value of any debt shall be treated as being the principal amount of such debt. (f) Regulations The Secretary may issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section, including regulations or other guidance providing for the proper application of this section with respect to institutionally related foundations and pooled investments. . (b) Clerical amendments (1) The table of sections for subchapter H of chapter 42 of such Code is amended by adding at the end the following new item: Sec. 4969.