HR 2462 RFS1S
(5) The term ‘‘public purpose’’ means those
public benefit purposes for which the United States
may dispose of property pursuant to section 203 of
the Federal Property and Administrative Services
Act of 1949 (40 U.S.C. 484), as implemented by the
Federal Property Management Regulations (41 CFR
101–47) or other public benefit uses provided under
the Guam Excess Lands Act (Public Law 103–339;
108 Stat. 3116).
SEC. 3. GUAM FOREIGN DIRECT INVESTMENT EQUITY ACT.
(a) SHORT TITLE.—This section may be cited as the
‘‘Guam Foreign Direct Investment Equity Act’’.
(b) IN GENERAL.—Subsection (d) of section 31 of the
Organic Act of Guam (48 U.S.C. 1421i) is amended by
adding at the end the following new paragraph:
‘‘(3) In applying as the Guam Territorial income tax
the income-tax laws in force in Guam pursuant to sub-
section (a) of this section, the rate of tax under sections
871, 881, 884, 1441, 1442, 1443, 1445, and 1446 of the
Internal Revenue Code of 1986 on any item of income
from sources within Guam shall be the same as the rate
which would apply with respect to such item were Guam
treated as part of the United States for purposes of the
treaty obligations of the United States.’’.
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(c) CERTAIN GUAM-BASED TRUSTS EXEMPT.—The
provisions of this section shall not apply to any Guam-
based trust formed pursuant to Division 2 of Title 11,
Chapter 160, of the Guam Code Annotated.
(d) EFFECTIVE DATE.—The amendment made by
subsection (b) shall apply to amounts paid after the date
of the enactment of this Act.
SEC. 4. IMPORTATION OF BETEL NUTS (‘‘ARECA NUTS’’) FOR
PERSONAL CONSUMPTION.
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law (including sections 402 and 801 of the Federal
Food, Drug, and Cosmetic Act (21 U.S.C. 342 and 381)),
Guam shall be deemed to be within the customs territory
of the United States in the case of importation from Guam
into the United States of betel nuts (also known as ‘‘areca
nuts’’) by an individual for personal consumption by the
individual.
(b) DEFINITIONS.—In this section:
(1) BETEL
NUTS.—The term ‘‘betel nuts’’
means husked betel nuts grown in Guam.
(2) CUSTOMS
TERRITORY
OF
THE
UNITED
STATES.—The term ‘‘customs territory of the United
States’’ has the meaning given the term in general
note 2 of the Harmonized Tariff Schedule of the
United States.
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SEC. 5. COMPACT IMPACT REPORTS.
Paragraph 104(e)(2) of Public Law 99–239 (99 Stat.
1770, 1788) is amended by deleting ‘‘President shall re-
port to the Congress with respect to the impact of the
Compact on the United States territories and common-
wealths and on the State of Hawaii.’’ and inserting in lieu
thereof the following: ‘‘Governor of any of the United
States territories or commonwealths or the State of Ha-
waii may report to the Secretary of the Interior by Feb-
ruary 1 of each year with respect to the financial and so-
cial impacts of the compacts of free association on the
Governor’s respective jurisdiction. The Secretary of the
Interior shall review and forward any such reports to the
Congress with the comments and recommendations of the
Administration. The Secretary of the Interior shall, either
directly or, subject to available technical assistance funds,
through a grant to the affected jurisdiction, provide for
a census of Micronesians at intervals no greater than 5
years from each decennial United States census using gen-
erally acceptable statistical methodologies for each of the
impact jurisdictions where the Governor requests such as-
sistance, except that the total expenditures to carry out
this sentence may not exceed $300,000 in any year.’’.
Passed the House of Representatives July 25, 2000.
Attest:
JEFF TRANDAHL,
Clerk.