; (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 Upon the President reaching an agreement or arrangement to establish a common international compensation mechanism pursuant to subsection (a), the Secretary of State may transfer funds from the Ukraine Support Fund established under section 104(d) to a fund or mechanism established consistent with 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 from the Ukraine Support Fund to a fund established consistent with subsection (a). (d) Good governance The Secretary of State, in consultation with the Secretary of the Treasury, shall— (1) seek to ensure that any fund or mechanism established consistent with subsection (a) operates in accordance with established international accounting principles; (2) seek to ensure that any such fund or mechanism is— (A) staffed, operated, and administered in accordance with established accounting rules and governance procedures, including a mechanism for the governance and operation of the fund or mechanism; (B) operated transparently as to all funds transfers, filings, and decisions; and (C) audited on a regular basis by an independent auditor, in accordance with internationally accepted accounting and auditing standards; (3) seek to ensure that any audits of any such fund or mechanism are made available to the public