A bill to amend section 2 of the act of June 30, 1954, providing for the continuance of civilian government for the trust territory of the Pacific Islands.

Revises the provisions of Federal law providing for the continuance of civil government for the Trust Territory of the Pacific Islands by authorizing to be appropriated $75,000,000 for fiscal year 1975; $80,000,000 for fiscal year 1976; $15,100,000 for fiscal year 1976; $80,000,000 for fiscal year 1977.

Requires such amounts to be adjusted to offset changes in the purchasing power of the United States dollar.

Provides an amount, not to exceed $10,000,000, for each such fiscal year to offset reductions in Federal grant-in-aid programs or other funds made available to the Trust Territory by other Federal agencies.

Authorizes to be appropriated $1,500,000 to aid in the transition of the Mariana Islands District to commonwealth status.