A bill to implement the Panama Canal Treaty of 1977 and related agreements, and for other purposes.

[AI summary unavailable — showing source text] Redesignates the Canal Zone Code as the Panama Canal Code. Enacts technical amendments in such Code and in the laws of the United States to reflect the administration of the Canal by the Panama Canal Commission and the transfer of the Canal to Panama pursuant to the Panama Canal Treaty of 1977. Directs the President to submit to Congress proposed legislation to revise laws which are applicable only during the Canal transition period and to incorporate the remaining provisions of the Panama Canal Code into the United States Code. Title I: Panamanian Relations and Security Matters - Directs the President to appoint the United States representatives to the Joint Commission on the Environment and the Consultative Committee between the United States and Panama. Makes the U.S. Ambassador to Panama responsible for coordinating the transfer of functions to be assumed by Panama pursuant to the Treaty. Stipulates that the Administrator of the Panama Canal Commission shall not be subject to the direction or supervision of the Ambassador. Repeals security legislation with respect to use of the Canal during a national emergency. Amends the Arms Export Control Act to repeal the applicability of …