1. Funding Indo-Pacific Readiness and Enhancing Stockpiles Fund to deter the Chinese Communist Party (a) Establishment There is established in the Treasury a fund to be known as the Funding Indo-Pacific Readiness and Enhancing Stockpiles Fund or the FIRES Fund (hereafter in this section referred to as the Fund ). There shall be deposited into the Fund amounts transferred under subsection (c), which shall be used only for the purposes specified in subsection (d). (b) Control of the Fund The Fund shall be under the control of the Secretary of Defense acting in consultation with the Under Secretary of Defense for Acquisition and Sustainment. (c) Transfer of expired amounts (1) In general Subject to paragraph (2), the Secretary of Defense shall transfer into the Fund any amounts previously appropriated for to the Department of Defense for procurement; research, development, test, and evaluation; operation and maintenance; or military personnel that are unobligated on the last day of the fifth fiscal year after the period of availability for obligation of such amounts ends pursuant to section 1552 of title 31, United States Code. (2) Treatment of certain unobligated funds In carrying out paragraph (1), the Secretary of Defense may elect to use all or a portion of unobligated amounts previously appropriated for military personnel or operation and maintenance— (A) for transfers to the Foreign Currency Fluctuations Account in accordance with section 2779(d) of title 10, United States Code