Secretary of State shall submit to the Committees on Appropriations proposed allocations by account and by program, project, or activity, with detailed justifications, for amounts made available under section 102(c)(2) of the CHIPS Act of 2022 for fiscal year 2025. (4) The Secretary of State shall provide the Committees on Appropriations quarterly reports on the status of balances of projects and activities funded by the CHIPS for America International Technology Security and Innovation Fund for amounts allocated pursuant to paragraph (1) of this subsection, including all uncommitted, committed, and unobligated funds. (5) Amounts transferred to the Export-Import Bank and the United States International Development Finance Corporation pursuant to the transfer authority in section 102(c)(1) of the CHIPS Act of 2022 (division A of Public Law 117–167 ) may be made available for the costs of direct loans and loan guarantees, including the cost of modifying such loans, as defined in section 502 of the Congressional Budget Act of 1974. (6) Notwithstanding any other provision of law, none of the funds made available by this Act for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America International Technology Security and Innovation Fund may be expended in grants or contracts to private entities that are planning to expand their production of semiconductor chips in the People's Republic of China or enter into joint ventures with private entities subject to the jurisdiction to the Chinese Communist Party and the government of the People's Republic of China for the purposes of expanding semiconductor chip production outside of the People's Republic of China. (d) Economic analysis Of the funds made available by this Act under the heading Diplomatic Programs , not less than $2,000,000 shall be made available for the Office of the Chief Economist, Department of State, including to increase the capacity of such Office to support the implementation of the strategy required pursuant to subsection (f):