Sec. 4. Acceptance of contributions in support of Australia, United Kingdom, and United States submarine security activities
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Chapter 155 of title 10, United States Code, is amended by inserting after section 2608 the following new section: The Secretary of Defense may accept from the Government of Australia contributions of money made by the Government of Australia for use by the Department of Defense in support of non-nuclear related aspects of submarine security activities between Australia, the United Kingdom, and the United States (in this section referred to as AUKUS ). There is established in the Treasury of the United States a special account to be known as the Submarine Security Activities Account . Contributions of money accepted by the Secretary of Defense under subsection
(a)shall be credited to the Submarine Security Activities Account. The Secretary of Defense may use funds in the Submarine Security Activities Account— for any purpose authorized by law that the Secretary determines would support AUKUS submarine security activities; or to carry out a military construction project that is consistent with the purposes for which the contributions were made and is not otherwise authorized by law. Funds in the Submarine Security Activities Account may be used as described in this subsection without further specific authorization in law. In carrying out subsection (c), the Secretary of Defense may transfer funds available in the Submarine Security Activities Account to appropriations available to the Department of Defense. In carrying out subsection (c), and in accordance with the Atomic Energy Act of 1954 ( 42 U.S.C. 2011 et seq. ), the Secretary of Defense may transfer funds available in the Submarine Security Activities Account to appropriations or funds of the Department of Energy available to carry out activities related to AUKUS submarine security activities. Funds transferred under this subsection shall be available for obligation for the same time period and for the same purpose as the appropriation to which transferred. Upon a determination by the Secretary that all or part of the funds transferred from the Submarine Security Activities Account are not necessary for the purposes for which such funds were transferred, all or such part of such funds shall be transferred back to the Submarine Security Activities Account. Upon request by the Secretary of Defense, the Secretary of the Treasury may invest money in the Submarine Security Activities Account in securities of the United States or in securities guaranteed as to principal and interest by the United States. Any interest or other income that accrues from investment in securities referred to in paragraph
(1)shall be deposited to the credit of the Submarine Security Activities Account. Not later than 60 days after the date on which contributions of money accepted by the Secretary of Defense under subsection
(a)are credited to the Submarine Security Activities Account under subsection (b), the Secretary of Defense shall submit to the appropriate congressional committees a report on— the amount of money so transferred; a description of the intended use of the funds; and any other matters related to the administration of the Submarine Security Activities Account as determined necessary by the Secretary. The report required by this subsection shall be submitted in unclassified form but may include a classified annex. In this subsection, the term appropriate congressional committees means— the congressional defense committees; and the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate. The authority to accept or transfer funds under this section is in addition to any other authority to accept or transfer funds. . The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 2608 the following: 2609. Acceptance of contributions for Australia, United Kingdom, and United States submarine security activities; Submarine Security Activities Account. .
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Sec. 4
Acceptance of contributions in support of Australia, United Kingdom, and United States submarine security activities
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