‘‘(2) 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 avail-
able in the Submarine Security Activities Account to ap-
propriations or funds of the Department of Energy avail-
able to carry out activities related to AUKUS submarine 
security activities. 
‘‘(3) 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 trans-
ferred. 
‘‘(4) Upon a determination by the Secretary that all 
or part of the funds transferred from the Submarine Secu-
rity 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. 
‘‘(e) INVESTMENT OF MONEY.—(1) Upon request by 
the Secretary of Defense, the Secretary of the Treasury 
may invest money in the Submarine Security Activities Ac-
count in securities of the United States or in securities 
guaranteed as to principal and interest by the United 
States. 
‘‘(2) Any interest or other income that accrues from 
investment in securities referred to in paragraph (1) shall 
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be deposited to the credit of the Submarine Security Ac-
tivities Account. 
‘‘(f) REPORT.—(1) Not later than 60 days after the 
date on which contributions of money accepted by the Sec-
retary of Defense under subsection (a) are credited to the 
Submarine Security Activities Account under subsection 
(b), the Secretary of Defense shall submit to the appro-
priate congressional committees 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 adminis-
tration of the Submarine Security Activities Account 
as determined necessary by the Secretary. 
‘‘(2) The report required by this subsection shall be 
submitted in unclassified form but may include a classified 
annex. 
‘‘(3) In this subsection, the term ‘appropriate con-
gressional committees’ means— 
‘‘(A) the congressional defense committees; and 
‘‘(B) the Committee on Foreign Affairs of the 
House of Representatives and the Committee on 
Foreign Relations of the Senate. 
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‘‘(g) RELATIONSHIP TO OTHER LAWS.—The author-
ity to accept or transfer funds under this section is in ad-
dition to any other authority to accept or transfer funds.’’. 
(b) CLERICAL AMENDMENT.—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 Ac-
tivities Account.’’. 
SEC. 5. AUSTRALIA, UNITED KINGDOM, AND UNITED 
STATES SUBMARINE SECURITY TRAINING. 
(a) IN GENERAL.—The President may transfer or 
authorize the export of defense services to the Government 
of Australia under the Arms Export Control Act (22 
U.S.C. 2751 et seq.) that may also be directly exported 
to Australian private-sector personnel to support the de-
velopment of the Australian submarine industrial base 
necessary for submarine security activities between Aus-
tralia, the United Kingdom, and the United States (in this 
section referred to as ‘‘AUKUS’’), including in cases in 
which such private-sector personnel are not officers, em-
ployees, or agents of the Government of Australia. 
(b) APPLICATION OF REQUIREMENTS FOR FURTHER 
TRANSFER.—Any transfer of defense services to the Gov-
ernment of Australia pursuant to subsection (a) to persons 
other than those directly provided such defense services 
pursuant to subsection (a) shall only be made in accord-
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ance with the requirements of the Arms Export Control 
Act (22 U.S.C. 2751 et seq.). 
Æ 
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