; and (ii) at 100 percent of the value of the insured investment. (B) Escrow For any insurance or reinsurance described in subparagraph (A), the Unit shall hold in an escrow account at a commercial bank funds, which shall be taken from the Re-shoring and Near-shoring Account established under section 301 of the Americas Act , in an amount that is equal to 5 percent of the insurance amount. (C) Rates Any insurance or reinsurance described in subparagraph (A) may be issued at a lower rate than the lowest available rate for equivalent insurance or reinsurance in the local market. . 253. Americas Partnership Enterprise Fund (a) Designation The President, after consultation with the Speaker of the House of Representatives, the minority leader of the House of Representatives, the majority leader of the Senate, the minority leader of the Senate, the Secretary of State, the Secretary of Commerce, the Secretary of the Treasury, and the Administrator of the United States Agency for International Development, may designate a private, nonprofit organization registered in an Americas partner country that is established to carry out the purposes set forth in subsection (b) as the Americas Partnership Enterprise Fund (referred to in this section as the Fund ). (b) Purposes The purposes of the Fund are— (1) to support the development of ecosystems for critical supply chains in the Americas partner countries; (2) to support the development of private sector responses to migration; (3) to promote near-shoring strategic industry and supply chains from the People's Republic of China