A joint resolution to approve the Compact of Free Association, and for other purposes.

Grants congressional approval of the Compact of Free Association between the United States, the Federated States of Micronesia, and the Marshall Islands.

Declares that the defense sites of the United States established in the Marshall Islands or the Federated States of Micronesia in accordance with such Compact and its related agreements are within the special maritime and territorial jurisdiction of the United States.

Provides that upon the effective date of the Compact of Free Association the laws of the United States generally applicable to the Trust Territory of the Pacific Islands shall continue to apply to the Republic of Palau. Makes the Republic of Palau eligible for such proportion of Federal assistance as it would otherwise have been eligible to receive under such laws prior to the effective date of the Compact.