undisclosed foreign financial asset understatement

(1)For purposes of this section, the term “undisclosed foreign financial asset understatement” means, for any taxable year, the portion of the understatement for such taxable year which is attributable to any transaction involving an undisclosed foreign financial asset.

Source

26 USC § 6662(j)(1)


Scoping language

For purposes of this section
Is this correct? or