; (2) establish and periodically update goals and priorities for the Initiative; (3) develop, not later than 12 months after the date of enactment of this Act, and update every 3 years, a strategic plan that— (A) guides the activities of the Initiative for purposes of meeting the goals and priorities established under (and updated pursuant to) paragraph (2); and (B) describes— (i) the Initiative’s support for long-term funding for interdisciplinary engineering biology research and development; (ii) the Initiative’s support for education and public outreach activities; (iii) the Initiative’s support for research and other activities on ethical, legal, environmental, safety, security, and other appropriate societal issues related to engineering biology; (iv) how the Initiative will move results out of the laboratory and into application for the benefit of society and United States competitiveness; and (v) how the Initiative will measure and track the contributions of engineering biology to United States economic growth and other societal indicators; (4) develop a national genomic sequencing strategy to ensure engineering biology research fully leverages plant, animal, and microbe biodiversity to enhance long-term innovation and competitiveness in engineering biology in the United States; (5) propose an annually coordinated interagency budget for the Initiative that is intended to ensure— (A) the maintenance of a robust engineering biology research and development portfolio; and (B) that the balance of funding across the Initiative is sufficient to meet the goals and priorities established for the Program; (6) develop a plan to utilize Federal programs, such as the Small Business Innovation Research Program and the Small Business Technology Transfer Program as described in section 9 of the Small Business Act ( 15 U.S.C. 638 ), in support of the activities described in section 4(b)(3)