,,ii #aagth ,,congress #b;d ,session ,s4 #digb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #bh1 #bjbb,mrs4 ,shaheen 7for herself1 ,mr4 ,cornyn1 ,mr4 ,blumenthal1 ,mr4 ,wicker1 ,mr4 ,scott of ,florida1 ,mr4 ,kaine1 ,mrs4 ,fischer1 ,ms4 ,duckworth1 and ,ms4 ,klobuchar7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to establish the ,critical ,munitions ,acquisition ,fund4 #a4 ,short title ,this ,act may be cited as the ,promoting ,readiness for ,overseas ,contingencies and ,unexpected ,responses ,emergencies ,act or the ,,procure ,act4 #b4 ,critical ,munitions ,acquisition ,fund 7a7 ,establishment ,there shall be established in the ,treasury of the ,united ,states a revolving fund to be known as the ,critical ,munitions ,acquisition ,fund 7in this section referred to as the ,fund74 7b7 ,purpose ,amounts in the ,fund shall be made available by the ,secretary of ,defense-- 7#a7 to ensure that adequate stocks of munitions that the ,secretary deems critical due to a reduction in stocks or identification as having a high use rate are available for allies and partners of the ,united ,states during the war in ,ukraine and future conflicts2 and 7#b7 to finance the acquisition of critical munitions in advance of the transfer of such munitions to foreign countries during the war in ,ukraine and future conflicts4 7c7 ,additional authority ,the ,secretary may also use amounts made available to the ,fund to keep on continuous order munitions that the ,secretary deems as critical due to a reduction in current stocks or identification as having a high-use rate during the war in ,ukraine or a potential high-use rate during a future conflict4 7d7 ,deposits 7#a7 ,in general ,the ,fund shall consist of each of the following3 7,a7 ,collections from sales made under letters of offer 7or transfers made under the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #baea et seq477 of munitions acquired using amounts made available from the ,fund pursuant to this section1 representing the value of such items calculated1 as applicable1 in accordance with-- 7i7 subparagraph 7,b7 or 7,c7 of section #ba7;a77#a7 of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgfa7;a77#a772 7ii7 section #bb of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgfb72 or 7iii7 section #fdd7m7 of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #bdjc7m774 7,b7 ,such amounts as may be appropriated pursuant to the authorization under this section or otherwise made available for the purposes of the ,fund4 7,c7 ,not more than #ejj1jjj1jjj may be transferred to the ,fund for any fiscal year1 in accordance with subsection 7e71 from amounts authorized to be appropriated for the ,department in such amounts as the ,secretary determines necessary to carry out the purposes of this section1 which shall remain available until expended4 ,the transfer authority provided under this subparagraph is in addition to any other transfer authority available to the ,secretary4 7#b7 ,contributions from foreign governments 7,a7 ,in general ,subject to subparagraph 7,b71 the ,secretary of ,defense may accept contributions of amounts to the ,fund from any foreign entity1 foreign government1 or international organization4 ,any amounts so accepted shall be credited to the ,critical ,munitions ,acquisition ,fund and shall be available for use as authorized under subsection 7b74 7,b7 ,limitation ,the ,secretary may not accept a contribution under this paragraph if the acceptance of the contribution would compromise1 or appear to compromise1 the integrity of any program of the ,department of ,defense4 7,c7 ,notification ,if the ,secretary accepts any contribution under this paragraph1 the ,secretary shall notify the congressional defense committees1 the ,committee on ,foreign ,relations of the ,senate1 and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 ,the notice shall specify the source and amount of any contribution so accepted and the use of any amount so accepted4 7e7 ,notice and wait requirements 7#a7 ,in general ,no amount may be transferred pursuant to subsection 7d77#a77;,c7 until the date that is #ae days after the date on which the ,secretary notifies the congressional defense committees in writing of the amount and purpose of the proposed transfer4 7#b7 ,ammunition purchases ,no amounts in the ,fund may be used to purchase ammunition1 as authorized by this ,act1 until the date that is #ae days after the date on which the ,secretary notifies the congressional defense committees in writing of the amount and purpose of the proposed purchase4 7#c7 ,foreign transfers ,no munition purchased using amounts in the ,fund may be transferred to a foreign country until the date that is #ae days after the date on which the ,secretary notifies the congressional defense committees in writing of the proposed transfer4 7f7 ,limitation ,no munition acquired by the ,secretary of ,defense using amounts made available from the ,fund pursuant to this section may be transferred to any foreign country unless such transfer is authorized by the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgea et seq471 the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #baea et seq471 or other applicable law1 except as follows3 7#a7 ,the ,secretary of ,defense may authorize the use by the ,department of ,defense of munitions acquired under this section prior to transfer to a foreign country1 if such use is necessary to meet national defense requirements and the ,department bear the costs of replacement and transport1 maintenance1 storage1 and other such associated costs of such munitions4 7#b7 ,except as required by paragraph 7#a71 amounts made available to the ,fund may be used to pay for storage1 maintenance1 and other costs related to the storage1 preservation1 and preparation for transfer of munitions acquired under this section prior to their transfer1 and the administrative costs of the ,department of ,defense incurred in the acquisition of such items1 to the extent such costs are not eligible for reimbursement pursuant to section #dc7;b7 of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgib7;b774 7g7 ,termination ,the authority for the ,fund under this section shall expire on ,december #ca1 #bjbd4 7h7 ,semiannual report 7#a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 and every #ahj days thereafter1 the ,secretary of ,defense shall submit to the congressional defense committees1 the ,committee on ,foreign ,relations of the ,senate1 and the ,committee on ,foreign ,affairs of the ,house of ,representatives a report on the use of the ,fund4 7#b7 ,elements ,the report required under paragraph 7#a7 shall include-- 7,a7 an accounting of all inlays and outflows in the ,fund2 7,b7 a list of munitions procured by type1 make1 model1 and quantity1 together with a justification for the procurement2 7,c7 an assessment of the status of munitions procured to include munitions in production1 those placed in stockpile1 and those set aside or transferred to a non-,federal government entity2 7,d7 an updated list of munitions designated consistent with subsection 7b71 along with a justifications for munitions designated and estimated procurement quantity objectives2 and 7,e7 any other matters the ,secretary determines appropriate4 7#c7 ,form ,the report required under paragraph 7#a7 shall be submitted to ,congress in an unclassified form without any additional disseminations controls1 but may include a classified or otherwise restricted annex as necessary4