Clarification of commercial exemption

Section 3 of the Foreign Agents Registration Act of 1938, as amended (22 U.S.C. 613), is amended, in the matter preceding subsection (a), by inserting, except that the exemptions under paragraphs (1) and (2) of subsection (d) shall not apply to any agent of a foreign principal whose activities promote the public or political interests of a government of a foreign country or a foreign political party (including any and all activities undertaken on behalf of a sovereign wealth fund) before the colon at the end.