Sec. 722. Declassification working capital funds
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Subtitle D of title VIII of the National Security Act of 1947, as added by section 721, is amended by adding at the end the following: In this section, the term covered agency means an agency that has original classification authority. Not later than 90 days after the date of the enactment of the Classification Reform Act of 2023 , each head of a covered agency shall establish a program for the automatic declassification of classified records that have permanent historical value. Each head of a covered agency shall ensure that the program established by the head pursuant to subsection
(b)includes a mechanism for estimating the number of classified records generated by each subcomponent of the covered agency each fiscal year. For each covered agency, there is established in the Treasury of the United States a fund to be known as the Declassification Working Capital Fund of the respective covered agency. Each fund established under paragraph
(1)shall consist of the following: Amounts transferred to the fund under subsection (e). Amounts appropriated to the fund. Subject to the concurrence of the Executive Agent for Classification and Declassification, amounts in a fund of a covered agency established by paragraph
(1)shall be available, without fiscal year limitation, to promote and implement technological and automated solutions that are interoperable across covered agencies to support the programs of covered agencies established pursuant to subsection (b). Each head of a covered agency shall issue regulations for the covered agency, subject to review and approval by the Executive Agent for Classification and Declassification, that require each subcomponent of the covered agency to transfer, on a periodic basis, to the fund established for the covered agency under subsection (c)(1), an amount for a period that bears the same ratio to the total amount transferred to the fund by all subcomponents of the covered agency for that period as the ratio of— the estimate for the subcomponent pursuant to the mechanism required by subsection
(c)for that period; bears to the aggregate of all of the estimates for all subcomponents of the Executive agency under such mechanism for the same period. .