View all text of Subchapter III [§ 10431 - § 10433]
§ 10432. Acceptance of contributions in support of Australia, United Kingdom, and United States submarine security activities
(a) Acceptance authority
(b) Establishment of Submarine Security Activities Account
(1) In general
(2) Credit to account
(3) Availability
(c) Use of funds
(1) In general
Subject to paragraphs (2) and (3) of subsection (b), the President may use funds in the Submarine Security Activities Account—
(A) for any purpose authorized by law that the President determines would support the AUKUS submarine security activities;
(B) to carry out a military construction project that is consistent with the purposes for which the contributions were made and is authorized by law;
(C) to develop and increase the submarine industrial base workforce by investing in recruiting, training, and retaining key specialized labor at public and private shipyards; or
(D) to upgrade facilities, equipment, and infrastructure needed to repair and maintain submarines at public and private shipyards.
(2) No further specific authorization in law required
(d) Plan for use of funds
Not later than 30 days prior to any use of any funds in the Submarine Security Activities Account, the President shall submit to the appropriate congressional committees and leadership a plan detailing—
(1) the amount of funds in the Submarine Security Activities Account; and
(2) how such funds will be used, including specific amounts and purposes.
(e) Transfers of funds
(1) To Department of Defense
(A) In general
(B) Authority in addition to other transfer authority
(C) Availability
(D) Limitation on certain transactions
(2) To Department of Energy
(3) Transfers back to Submarine Security Activities Account
(f) Investment of money
(1) In general
(2) Interest
(g) Relationship to other laws
(h) Notification and report
(1) Notification
Not later than 60 days prior to the transfer of any funds from the Submarine Security Activities Account, the President shall notify the appropriate congressional committees and leadership of—
(A) the intended use of such funds by appropriation, program, project, and activity, as defined in the Joint Explanatory Statement accompanying the Department of Defense Appropriations Act 1
1 So in original. Probably should be “Act,”.
2023 (Public Law 117–328); and(B) the extent to which such funds complement, supplement, or supplant other on-going or planned efforts funded by an appropriations Act with an identification of the associated funding and explanation of the combined efforts including the intended outcomes.
(2) Annual report
Not later than November 30 of each year until one year after the date on which all funds transferred under this section have been fully expended, the President shall submit to the appropriate congressional committees and leadership a report that includes a detailed accounting of—
(A) the amount of funds transferred under this subsection during the fiscal year preceding the fiscal year in which the report is submitted; and
(B) the purposes for which such funds were used.
(i) Report
(1) In general
Not later than 30 days after the date on which contributions of money accepted by the President under subsection (a) are credited to the Submarine Security Activities Account under subsection (b), the President shall submit to the appropriate congressional committees and leadership a report on—
(A) the amount of money so transferred;
(B) a description of the intended use of the funds; and
(C) any other matters related to the administration of the Submarine Security Activities Account as determined necessary by the Secretary.
(2) Form
(Pub. L. 118–31, div. A, title XIII, § 1353, Dec. 22, 2023, 137 Stat. 519.)