major United States investment management firm

(5) Major united states investment management firm .— The term “major United States investment management firm” means any broker, dealer, investment adviser, or provider of investment supervisory services (as defined in section 3 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c ) or section 202 of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2 )) or a major United States commercial bank that— (A) is headquartered in the United States; and (B) holds for the account of others investment assets in a total amount considered by the Secretary of the Navy to qualify the firm as a major investment management firm.

Source

10 USC § 8475(e)(5)


Scoping language

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