A bill to amend the Panama Canal Act of 1979 with respect to the calculation of a payment to Panama under Article XIII, paragraph 4(C) of the Panama Canal Treaty.

[AI summary unavailable — showing source text] Amends the Panama Canal Act of 1979 to exempt the Panama Canal Commission from any automatic budget cuts which are a result of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) insofar as a decreased budget to such Commission would result in increased net revenues, which are required to be paid to Panama in accordance with the Panama Canal Treaty of 1977.…