; (2) establishing a mechanism for compensating Ukraine for damages resulting from that invasion; (3) ensuring distribution of those assets or the proceeds of those assets based on determinations under that mechanism; and (4) taking such other actions as may be necessary to carry out this section. (b) Authorization for deposit in the Common Ukraine Fund Upon the President reaching an agreement or arrangement to establish a common international compensation mechanism pursuant to subsection (a), the Secretary of State shall transfer funds from the Ukraine Support Fund established under section 104(c) to the Common Ukraine Fund established under subsection (a). (c) Notifications (1) Agreement or arrangement The President shall notify the appropriate congressional committees not later than 30 days before entering into any new bilateral or multilateral agreement or arrangement under subsection (a). (2) Transfer The President shall notify the appropriate congressional committees not later than 30 days before any transfer to the Common Ukraine Fund established under subsection (a). (d) Limitation on transfer of funds No funds may be transferred to the Common Ukraine Fund established under subsection (a) unless the President certifies to the appropriate congressional committees that— (1) the institution housing the Common Ukraine Fund has a plan to ensure transparency and accountability for all funds transferred to and from the Common Ukraine Fund