Modification of authorization of sales to Australia of in-service Virginia Class submarines to provide for sale of additional in-service submarine in lieu of new construction submarine

(a) Modification of authorization Subsection (a) of section 1352 of the AUKUS Submarine Transfer Authorization Act (22 U.S.C. 10431) is amended— (1) by striking two and inserting three; and (2) by striking, and transfer not more than one additional Virginia Class submarine to the Government of Australia on a sale basis. (b) Technical amendments Such section is further amended— (1) in subsection (a)— (A) by striking Effective beginning on and all that follows through the President and inserting The President; and (B) by striking 20-year period beginning on the date of the enactment of this Act and inserting 20-year period beginning on December 22, 2023; and (2) in subsection (i)(1)— (A) in the matter preceding subparagraph (A), by striking Not later than and all that follows through 15 years and inserting Not later than July 1 of each year through 2039; and (B) in subparagraph (D), by striking over the and all that follows through this Act and inserting through December 22, 2038.