; (2) the Secretary of State should limit to 100 or fewer people the total number of Chinese citizens who may work for a Chinese state-owned media outlet in the United States; (3) such limitation may encourage China to allow American journalists and other foreign independent reporters to live and report in China without threat or harassment by China; and (4) United States entities should avoid supporting or spreading propaganda from China by reviewing the policies of such entities relating to media advertisements created by China or advertising in media outlets owned or operated by China. 5. Statement of policy It is the policy of the United States to seek compensation from China for intentionally concealing and distorting information concerning the spread of the virus responsible for COVID–19 resulting in— (1) the avoidable loss of life, health, or property of citizens of the United States; and (2) the damage to the national economy of the United States. 6. Coronavirus compensation fund (a) Establishment There is established in the Treasury a compensation fund to be known as the Coronavirus Compensation Fund. (b) Deposit of Funds There shall be deposited into the compensation fund— (1) the amount agreed upon, if any, between China and the United States relating to the bilateral agreement on compensation initiated under section 7(a) of this Act; and (2) the amount, if any, collected from the freezing of assets belonging to China under section 8. 7. Bilateral agreement on compensation between the United States and China (a) Negotiations (1) In general Not later than 30 days after the date of the enactment of this Act, the Secretary of State shall enter into negotiations with China concerning a bilateral agreement on compensation. (2) Matters included The initiation of negotiations required under paragraph (1) shall relate to— (A) the efforts of China to intentionally distort and conceal information concerning the spread of the virus responsible for COVID–19