; and (2) the Committee on Ways and Means and the Committee on Foreign Affairs of the House of Representatives. B Trade 1 Re-shoring and near-shoring 211. Sense of Congress (a) In general It is the sense of Congress that the re-shoring and near-shoring of industry from China into the United States is in the national security interest of the United States and therefore falls under the national security exceptions under article XXI of the GATT 1994. (b) GATT 1994 defined In this section, the term GATT 1994 has the meaning given that term in section 2 of the Uruguay Round Agreements Act ( 19 U.S.C. 3501 ). 212. Incentives for re-shoring and near-shoring of businesses from People’s Republic of China (a) Loans and grants (1) Lending authority (A) In general The Secretary may provide loans to covered entities. (B) Amount The total amount of loans that may be provided under subparagraph (A) may not exceed $70,000,000,000. (C) Coverage of loans Loans provided to covered entities under subparagraph (A) may be used for— (i) the costs of moving inventory, equipment, and supplies from the People’s Republic of China to the United States, an Americas partner country, or another country benefitting from a strategic supply chain identified under section 254; (ii) the costs of training workers in the United States, an Americas partner country, or a country benefitting from a strategic supply chain identified under section 254; (iii) the costs of constructing facilities in the United States, an Americas partner country, or a country benefitting from a strategic supply chain identified under section 254; (iv) other costs directly related to re-shoring or near-shoring