§1921g Compensatory Adjustments

Summary

Make certain U.S. agency programs and services available to the Federated States of Micronesia and the Republic of the Marshall Islands. These include programs from the Small Business Administration, Economic Development Administration, Rural Utilities Services (formerly Rural Electrification Administration), the Department of Labor’s Job Corps (under subtitle C of title I of the Workforce Innovation and Opportunity Act, 29 U.S.C. 3191 et seq.), and Department of Commerce programs for tourism and marine resource development. Under the joint resolution of January 14, 1986 (Public Law 99–239), the two governments could send Congress one report each asking for extra money if title IV’s effect on Title Two of the Compact caused harm to their economies. For fiscal years after September 30, 1990, up to $40,000,000 for the Federated States of Micronesia and up to $20,000,000 for the Marshall Islands were authorized to compensate for such harm, in addition to earlier payments in section 111(a) and (b). Any amounts in section 111 not yet paid at the end of the Compact’s initial 15-year term could later be appropriated without keeping the $40M/$20M split, based on either or both governments’ showing of harm. Each government could submit only one such report or request, and it had to be submitted by September 30, 2009. Only adverse economic effects that happened during the initial 15-year term could be considered.