Expressing the sense of the Congress regarding a continued United States security presence in the Panama Canal Zone and a review of the contract bidding process for the Balboa and Cristobal canal ports.

Expresses the sense of the Congress that the U.S. Government should: (1) request that the new Government of Panama, under the leadership of President Mireya Moscoso, nullify the lease agreements for the Balboa and the Cristobal port facilities on each end of the Panama Canal and initiate a new bidding process that is both transparent and fair; (2) request that the new Government of Panama investigate charges of corruption related to the granting of the Panama Canal port leases by the previous Balladares administration; and (3) negotiate security arrangements with the Government of Panama that will protect the canal and ensure the territorial integrity of the Republic of Panama.