; or (2) entering into any agreements in regard to the utilization of Radio Free Americas transmitters, equipment, or other resources that will significantly reduce the broadcasting activities of Radio Free Americas. (g) Alternative grantee If the Chief Executive Officer of the United States Agency for Global Media determines that Radio Free Americas is not carrying out the functions described in subsection (b) in an effective and economical manner, the Chief Executive Officer may award the grant to carry out such functions to another entity. (h) Federal status Nothing in this section may be construed to make Radio Free Americas a Federal agency or instrumentality. (i) Funding The Secretary of State may expend such sums as may be necessary from the Re-shoring and Near-shoring Account established under section 301 to carry out this section. 270. Biennial presidential summit Not less frequently than biennially, the President, in consultation with the Secretary of State, shall host a summit for Americas partner countries during which such countries shall highlight and showcase successful investments, endeavors, and programs associated with activities authorized under this Act. III Revenue and financial management 301. Re-shoring and Near-shoring Account (a) In general There is established within the Treasury of the United States an account to be known as the Re-shoring and Near-shoring Account (in this section referred to as the Account ), consisting of such amounts as are— (1) appropriated pursuant to the authorization of appropriations under subsection (c); (2) deposited into or transferred to the Account as specified in title II or subsection (c) of section 321 of Tariff Act of 1930, as added by section 302