PUBLIC LAW 104-172 —AUG. 5, 1996 110 STAT. 1551 (16) UNITED STATES OR STATE.— The term "United States" or "State" means the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States. (17) UNITED STATES PERSON.— The term "United States person" means— (A) a natural person who is a citizen of the United States or who owes permanent allegiance to the United States; and (B) a corporation or other legal entity which is organized under the laws of thfe United States, any State or territory thereof, or the District of Columbia, if natural persons described in subparagraph (A) own, directly or indirectly, more than 50 percent of the outstanding capital stock or other beneficial interest in such legal entity. Approved August 5, 1996. LEGISLATIVE HISTORY—H.R. 3107 (S. 1228): HOUSE REPORTS: No. 104-523, Pt. 1 (Comm. on International Relations) and Pt. 2 (Comm. on Ways and Means). SENATE REPORTS: No. 104-187 accompanying S. 1228 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 142 (1996): June 18, 19, considered and passed House. July 16, considered and passed Senate, amended. July 23, House concurred in Senate amendment. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 32 (1996): Aug. 5, Presidential remarks.