; and (3) recommend policy options aimed at mitigating medium-term and long-term risks to the national interest of the United States that may arise as a result of the internationalization of the renminbi. (e) Annual updates After submitting an initial report in accordance with subsection (c), the Secretary shall submit, to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, an updated version of such report each year. 913. Sunset Section 912 shall have no force or effect after the date that is 7 years after the date of the enactment of this Act. X Offsets 1001. Rescission of certain federal funds appropriated for State, city, local, and Tribal governments Notwithstanding any other provision of law, the total amount of unobligated funds available under any of sections 601 through 603 of title VI of the Social Security Act are hereby permanently rescinded. XI National security authorizations 1101. Authorization to hire additional staff for the office of foreign asset control of the Department of the Treasury The Secretary of the Treasury, acting through the Director of the Office of Foreign Assets Control, is authorized to hire an additional 10 full-time employees to carry out activities of the Office associated with the People’s Republic of China. 1102. Authorization to hire additional staff for the office of customs and border protection force labor activities The Director of the Office of Trade is authorized to hire an additional 28 full-time employees for carrying out section 307 of the Tariff Act of 1930 ( 19 U.S.C. 1307 ). 1103. Authorization for the Department of Justice’s China Initiative (a) In general Not later than 90 days after the date of the enactment of this section, the Attorney General shall establish an initiative to be known as the China Initiative , which shall be carried out by Assistant Attorney General for National Security (hereinafter in this Act referred to as the AAGNS ) to counter and deter the wide