Panama Canal Modernization Act - Directs the Governor of the Panama Canal Zone, under the supervision of the Secretary of the Army, to prosecute the work necessary to increase the capacity and improve the operations of the Panama Canal through the adaptation of the Third Locks project (H. Doc. 210, 76th Congress) at an estimated cost not to exceed $1,250,000,000. Authorizes such amounts for this purpose.
Establishes the Panama Canal Advisory and Inspection Board composed of five members appointed by the President by and with the advice and consent of the Senate to study and review plans and designs for the Third Locks project.
Gives the Board powers to carry out the provisions of this Act. Requires the Board to submit an annual report to the President and Congress on the progress of its work.
Authorizes such appropriations to the Board as may be necessary to carry out its functions and activities under this Act.
Stipulates that this Act shall not take effect until the Congress has received a written assurance from the President that during the President's term of office no negotiations will be conducted, or any plans initiated, for the surrender of the Canal Zone and the Panama Canal to the Republic of Panama or any international organization.
Introduced in House
Introduced in House
Referred to House Committee on Merchant Marine and Fisheries.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line