[Congressional Record Volume 140, Number 38 (Tuesday, April 12, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 12, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
 REPORT ON THE PANAMA CANAL COMMISSION--MESSAGE FROM THE PRESIDENT--PM 
                                   99

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Armed Services.

To the Congress of the United States:
  As required by section 3522 of the National Defense Authorization Act 
for Fiscal Year 1993 (Public Law 102-484; 22 U.S.C. 3611 note), I 
transmit herewith the recommendations for changes to the Panama Canal 
Commission. I have determined that the adoption of these 
recommendations would facilitate and encourage the operation of the 
Canal through an autonomous entity under the Government of Panama after 
the transfer of the waterway on December 31, 1999, pursuant to the 
Panama Canal Treaty of 1977 and related agreements.
  In accordance with the law cited above, an extensive study of the 
governance and financial management structure of the Panama Canal 
Commission was conducted. The study and its recommendations were then 
considered and discussed among representatives of the Departments of 
State, Defense, the Treasury, Commerce, Transportation, and Justice, as 
well as the Panama Canal Commission. The study, and the process that 
followed it, formed the basis for my recommendations, which are 
contained in the attached document.
                                                  William J. Clinton.  
  The White House, April 12, 1994.

                          ____________________