United States account
(A)The term “United States account” means any financial account which is held by one or more specified United States persons or United States owned foreign entities. (B)Unless the foreign financial institution elects to not have this subparagraph apply, such term shall not include any depository account maintained by such financial institution if— (i)each holder of such account is a natural person, and (ii)with respect to each holder of such account, the aggregate value of all depository accounts held (in whole or in part) by such holder and maintained by the same financial institution which maintains such account does not exceed $50,000. (C)Such term shall not include any financial account in a foreign financial institution if— (i)such account is held by another financial institution which meets the requirements of subsection (b), or (ii)the holder of such account is otherwise subject to information reporting requirements which the Secretary determines would make the reporting required by this section with respect to United States accounts duplicative.