CFR › Title 31 › Part 801 › §801.21031 CFR §801.210Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkThe term pilot program covered transaction means:(a)Any pilot program covered investment; or(b)Any transaction by or with any foreign person that could result in foreign control of any pilot program U.S. business, including such a transaction carried out through a joint venture.