Legislation To Implement the Panama Canal Treaty V. 094390

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094390 1 (1979-02-26)

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094390

United States General Accounting Office
Washington, D.C. 20548
FOR RELEASE ON DELIVERY
Expected at,9:00 a.m.
February 26, 1979

Statement of

Elmer B. Staats

Comptroller General of the United States

before the

Subcommittee on Panama Canal

of the

House Committee on Merchant Marine and Fisheries

(;7egislation to Implement the Panama Canal Treaty
Mr. Chairman and Members of the Subcommittee:

We appreciate this opportunity to discuss the recently

introduced legislation for implementation of the Panama Canal

Treaty. A little over a year ago when we testified before

the Senate Armed Services Committee, we stated that the

treaty-implementing legislation would be the key determinant

of the financial viability of the Panama Canal Commission.

This is still our view and we, therefore, are gratified

that most of our previously expressed concerns have been

addressed either in the Senate resolution of ratification

or the proposed legislation.

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