; and (2) by inserting after subsection (d) the following: (e) Appalachian Regional Commission nuclear energy development Of the amounts made available under subsection (a), $5,000,000 may be used to carry out section 14512 for each of fiscal years 2023 through 2026. . (c) Clerical amendment The analysis for subchapter I of chapter 145 of subtitle IV of title 40, United States Code, is amended by striking the item relating to section 14511 and inserting the following: 14511. Appalachian regional energy hub initiative. 14512. Appalachian Regional Commission nuclear energy development. . III Preserving existing nuclear energy generation 301. Investment by allies (a) In general The prohibitions against issuing certain licenses for utilization facilities to certain corporations and other entities described in the second sentence of section 103 d. of the Atomic Energy Act of 1954 ( 42 U.S.C. 2133(d) ) and the second sentence of section 104 d. of that Act ( 42 U.S.C. 2134(d) ) shall not apply to an entity described in subsection (b) if the Commission determines that issuance of the applicable license to that entity is not inimical to— (1) the common defense and security; or (2) the health and safety of the public. (b) Entities described An entity referred to in subsection (a) is a corporation or other entity that is owned, controlled, or dominated by— (1) the government of— (A) a country that is a member of the Group of Seven as of November 25, 2020, which includes the United Kingdom, Germany, Canada, Japan, France, and Italy; or (B) the Republic of Korea; (2) a corporation that is incorporated in a country described in subparagraph (A) or (B) of paragraph (1)