Notwithstanding any other provision of law, prior to January 1, 2001
, the provisions of the Investment Company Act of 1940 [15 U.S.C. 80a
–1 et seq.] shall not apply to any Native Corporation or any subsidiary of such corporation if such subsidiary is wholly owned (as that term is defined in the Investment Company Act of 1940) by the corporation and the corporation owns at least 95 per centum of the equity of the subsidiary.