; and (2) to engage in independent and effective oversight of activities authorized under this section through joint or individual audits, inspections, investigations, or evaluations. (e) Authorization of appropriations There is authorized to be appropriated to the Secretary of State to carry out the initiative $50,000,000 for each of fiscal years 2024 through 2028. 9. Biennial cabinet-level international conference on nuclear safety, security, safeguards, and sustainability (a) In general The President, in coordination with international partners, as determined by the President, and industry, shall hold a biennial conference on civil nuclear safety, security, safeguards, and sustainability (referred to in this section as a conference ). (b) Conference functions It is the sense of Congress that each conference should— (1) be a forum in which ally or partner nations may engage with each other for the purpose of reinforcing the commitment to— (A) nuclear safety, security, safeguards, and sustainability; (B) environmental safeguards; and (C) local community engagement in areas in reasonable proximity to nuclear sites; and (2) facilitate— (A) the development of— (i) joint commitments and goals to improve— (I) nuclear safety, security, safeguards, and sustainability; (II) environmental safeguards; and (III) local community engagement in areas in reasonable proximity to nuclear sites; (ii) stronger international institutions that support nuclear safety, security, safeguards, and sustainability; (iii) cooperative financing relationships to promote competitive alternatives to Chinese and Russian financing; (iv) a standardized financing and project management framework for the construction of civil nuclear power plants; (v) a standardized licensing framework for civil nuclear technologies; (vi) a strategy to change internal policies of multinational development banks, such as the World Bank, to support the financing of civil nuclear projects