United States Foundation for Natural Security and Counterterrorism

Not later than 180 days after December 23, 2024, the Secretary shall establish the United States Foundation for Natural Security and Counterterrorism, which shall be operated as a charitable, nonprofit corporation. The Foundation is not an agency or instrumentality of the United States Government. The Board shall take all necessary and appropriate steps to ensure that the Foundation is an organization described in subsection (c) of section 501 of title 26, which exempt the organization from taxation under subsection (a) of such section. The Foundation shall terminate operations on the date that is 10 years after the date on which the Foundation becomes operational, in accordance with— The purposes of the Foundation are— to help close critical gaps in public international conservation efforts in eligible countries by— to identify and financially support viable projects that— to coordinate with, consult, and otherwise support and assist, governments, private sector entities, local communities, Indigenous Peoples, and other stakeholders in eligible countries in undertaking biodiversity conservation activities— Not later than 6 months after the establishment of the Foundation, the Executive Director shall submit for approval from the Board an initial 3-year Plan of Action to implement the purposes of this chapter, including— descriptions of the processes and criteria by which— The Executive Director shall submit the initial Plan of Action to the appropriate congressional committees not later than 5 days after the Plan of Action is approved by the Board. The Executive Director shall annually update the Plan of Action and submit each such updated plan to the appropriate congressional committees not later that 5 days after the update plan is approved by the Board.