Panama Canal Act Amendments of 1992

[AI summary unavailable — showing source text] Panama Canal Act Amendments of 1991 - Amends the Panama Canal Act of 1979 to require that the authority of the President with respect to the Panama Canal Commission be exercised through the Chairman of the Board of the Commission (currently, through the Secretary of Defense). Modifies requirements regarding the Board concerning matters such as composition, appointment, quorum, and proxies. Provides for a Chairman of the Board. Requires members of the Board who are U.S. nationals to cast their votes as directed by the Chairman. Requires the Chairman (currently, the Secretary) to designate individuals entitled to the privileges and immunities accorded under provisions of the Panama Canal Treaty of 1977 (the Treaty). Removes provisions: (1) prohibiting the Commission from obligating or expending funds for administrative expenses except as provided in appropriations Acts; (2) requiring the Appropriations Committees of each House of the Congress to review the Commission's annual budget; (3) prohibiting using, for administrative expenses, funds appropriated under provisions relating to Commission emergency spending; (4) making appropriations of the Commission available for reimbursements…