; (B) the total amount of any other benefits accrued to the entity under this section, as determined by the Secretary in consultation with the Trade Representative; and (C) a penalty equal to 10 percent of the amounts determined under subparagraphs (A) and (B). (4) Extension and waiver If the Secretary determines that extraordinary circumstances exist, on a case-by-case basis, the Secretary may— (A) extend by a period of two years the deadlines under paragraphs (1) and (2); or (B) waive the amounts owed under paragraph (3). (e) Treatment of defaults (1) Judicial proceedings The United States shall disregard any ruling against a covered entity or a government of an Americas partner country that pertains to a default on obligations in the People’s Republic of China relating to re-shoring or near-shoring activities approved under this section. (2) International venues The President shall use the voice and vote of the United States at multilateral institutions to— (A) oppose the consideration of defaults on obligations in the People’s Republic of China relating to re-shoring or near-shoring activities approved under this section when measuring credit ratings of covered entities; and (B) disregard sovereign debt defaults and other similar actions when measuring credit valuations of Americas partner countries relating to debts and amounts received from the People’s Republic of China. (f) Findings and sense of Congress (1) Findings Congress makes the following findings: (A) The United States Trade Representative stated in a hearing that, The United States has repeatedly sought and obtained commitments from China, only to find that follow-through or real change remains elusive. . (B) The Government of the People's Republic of China continues to apply the rules only when they are beneficial to them. (2) Sense of Congress It is the sense of Congress that— (A) companies approved for re-shoring or near-shoring by the Secretary should be protected from legal asset forfeiture by the People's Republic of China