a Member of Congress after the date of enactment of this Act, or who is the spouse or dependent child of such an individual, shall complete the divestment of the asset by not later than 180 days after the date on which the individual becomes a Member of Congress. (iii) Application This subparagraph shall apply to a covered defense contractor that is performing or has performed a contract for the Department of Defense during the 5-year period preceding the date on which the individual becomes a Member of Congress. (C) Divestment of assets received while a member An individual serving as a Member of Congress, or the spouse or dependent child of such an individual, who receives any asset described in paragraph (1) during the period of such service, such as from an inheritance, shall complete the divestment of the asset by not later than 120 days after the date on which the individual or spouse receives the asset. (D) Qualified blind trust prohibited Placing an asset described in paragraph (1) in a qualified blind trust (as that term is defined in section 13104(f)(3) of title 5, United States Code), or any other blind trust, shall not qualify as a divestment under such paragraph for purposes of compliance with the requirements of this Act. (c) Exceptions Nothing in this section shall be construed to prevent— (1) a Member of Congress or their spouse or dependent child from owning or trading— (A) a widely held investment fund, if the widely held investment fund— (i) does not present a conflict of interest