; or (bb) if such applicant has been subjected to the review process established pursuant to subsection (a) as a result of exceeding a level of foreign ownership pursuant to this clause, at the time such applicant was most recently approved under such review process after having been subjected to such review process as a result of exceeding a level of foreign ownership pursuant to this clause. (iii) An application described in subparagraph (A)(i) that is domestic. (iv) An application described in subparagraph (A) with respect to which the foreign ownership interests of the applicant are held by wholly owned intermediate holding companies that are controlled by— (I) a citizen of the United States; or (II) an entity organized under the laws of the United States. (6) Threshold foreign ownership limit The term threshold foreign ownership limit means foreign ownership of, as applicable— (A) at least the amount determined by the Commission under section 214(a) of the Communications Act of 1934 ( 47 U.S.C. 214(a) ), in the case of an application described in paragraph (5)(A)(i) of this subsection; (B) any amount, in the case of an application described in paragraph (5)(A)(ii) of this subsection; (C) at least an amount sufficient for paragraph (3) or (4) of section 310(b) of such Act ( 47 U.S.C. 310(b) ) to apply, in the case of an application described in paragraph (5)(A)(iii) of this subsection; or (D) any amount, in the case of any application described in paragraph (5)(A) of this subsection if the foreign ownership is held by a foreign adversary (as specified in section 7.4 of title 15, Code of Federal Regulations (or a successor regulation)). . (b) Applicability This section, and the amendment made by this section, shall apply to any covered application (as such term is defined in section 110D of the National Telecommunications and Information Administration Organization Act, as added by subsection (a)) filed on or after the date on which the review process is established pursuant to such section 110D.