Amends paragraph (5) to restructure the definition text into subparagraphs (A) and (B), specifying that the defined term covers natural persons and corporations and explicitly 'includes' entities identified as Chinese military companies under section 1260H(a) of the William M. (Mac) Thornberry NDAA for FY2021, entities listed in Supplement No. 4 and Supplement No. 7 to part 744 of title 15, Code of Federal Regulations (or successor BIS regulations), and subsidiaries or affiliates that are 50 percent or more owned (directly or indirectly) by such entities, wherever located.