To make certain technical changes to the Panama Canal Compensation Fund Act of 1988.

Amends the Panama Canal Commission Compensation Fund Act of 1988 to provide that amounts in the Panama Canal Commission Compensation Fund (the Fund), upon the termination of the Panama Canal Commission, shall be maintained by the Secretary of the Treasury and be available for transfer to the Employees' Compensation Fund in amounts requested by the Secretary of Labor. Permits the Secretary of the Treasury to discontinue the Fund only when the Secretary of Labor certifies that no further liability exists for workers' compensation benefits or other specified payments.

 
HR 1348 IH
101st CONGRESS
1st Session
 H. R. 1348
To make certain technical changes to the Panama Canal Compensation Fund Act
of 1988.
IN THE HOUSE OF REPRESENTATIVES
March 9, 1989
Mr. FIELDS introduced the following bill; which was referred to the Committee
on Merchant Marine and Fisheries
A BILL
To make certain technical changes to the Panama Canal Compensation Fund Act
of 1988.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled, That section 5 of the Panama Canal
  Commission Compensation Fund Act of 1988 (102 Stat. 4685, 22 U.S.C. 3715c)
  is amended--
  (1) by striking out `Upon the termination of the Panama Canal Commission:';
  (2) in subsection (a)--
  (A) by striking out `The Secretary of Labor' and inserting in lieu thereof
  `Upon the termination of the Panama Canal Commission, the Secretary of
  Labor'; and
  (B) by striking out the last sentence;
  (3) in subsection (b) in the first sentence--
  (A) by inserting `under subsection (a)' after `Labor'; and
  (B) by striking out `Employees Compensation'; and
  (4) by adding at the end thereof the following:
  `(c) CONTINUITY OF THE FUND- (1) Amounts in the Fund (including amounts
  transferred as a result of the final determination made under subsection (a))
  shall be maintained by the Secretary of the Treasury, shall be available
  for transfer to the Employees' Compensation Fund in such amounts as are
  requested by the Secretary of Labor pursuant to section 4 of this Act,
  and may be discontinued only in accordance with paragraph (2).
  `(2) At such time as the Secretary of Labor certifies that no further
  liability exists for workers compensation benefits or other payments
  described in section 3(a), the Secretary of the Treasury may discontinue
  the Fund in the manner provided by law.'.