; and (C) a description of the project or activity to be carried out and the purpose to be achieved by each such expenditure. (3) Arrangements or agreements The Secretary of State shall notify the appropriate committees of Congress not later than 30 days after entering into a new bilateral or multilateral arrangement or agreement described in subsection (a)(4)(B). (e) Foreign entities of concern A foreign entity of concern may not be a participant or beneficiary of the Minerals Security Partnership common funding mechanism described in subsection (b)(1). (f) Applicability to existing fund of the minerals security partnership This section shall apply to any fund in the Treasury that has been established before the date of enactment of this Act for use of the Minerals Security Partnership. 5. Workforce development initiative As soon as practicable after the date of enactment of this Act, the Secretary shall establish an initiative under which the Secretary shall work with the Secretary of Labor, the Director of the National Science Foundation, the Critical Minerals Subcommittee of the National Science and Technology Council, the private sector, institutions of higher education, and workforce training entities to incentivize and expand participation in graduate and undergraduate programs, and to develop workforce training programs and apprenticeships, relating to advanced rare earth element mining, separation, processing, metallurgy, and advanced equipment maintenance capabilities. 6. Support for freely associated States Section 1412(c) of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9612(c) ) is amended by adding at the end the following: (3) Support for freely associated States Notwithstanding the income classification of the country with which the geopolitical entity is associated, the Corporation may provide support under title II to a geopolitical entity that is included, as of the date on which support is provided, on the list of dependencies and areas of special