; and (2) the Commission may promulgate rules under section 2116 with heightened requirements for covered entities that are operators of dominant platforms. V National Security Reform 2501. Corporate citizenship and ownership (a) Definition In this section, the term foreign adversary has the meaning given the term in section 8(c) of the Secure and Trusted Communications Networks Act of 2019 ( 47 U.S.C. 1607(c) ). (b) Corporate citizenship (1) In general An operator of a dominant platform shall— (A) be a citizen of the United States; or (B) own a subsidiary corporation— (i) that is a citizen of the United States; and (ii) the number of directors of which who are noncitizens is less than half of the number of directors necessary to constitute a quorum. (2) Directors No director of a subsidiary corporation described in paragraph (1)(B) may be a citizen of a foreign adversary. (c) Ownership If more than 10 percent of the owners of an operator of a dominant platform are citizens of a foreign adversary, the operator of the dominant platform shall sequester any back-end data, algorithm, or information about United States users on the dominant platform so that the back-end data, algorithm, or information is inaccessible to any subsidiary, affiliate, director, employee, or agent of the operator of the dominant platform that is based outside of the United States. (d) Review by Committee on Foreign Investment in the United States (1) In general The Committee on Foreign Investment in the United States shall— (A) treat the application of a foreign person (as defined in section 800.224 of title 31, Code of Federal Regulations (or a successor regulation)) for a license under title VI as a covered transaction, as defined in subsection (a) of section 721 of the Defense Production Act of 1950 ( 50 U.S.C. 4565 )