AMENDMENTS TO PANAMA CANAL COMPENSATION FUND ACT OF 1988

SEC. 3507. AMENDMENTS TO PANAMA CANAL COMPENSATION FUND ACT OF 1988 Section 5 of the Panama Canal Commission Compensation Fund Act of 1988 (22 U.S.C. 3715c) is amended— (1) by striking “Upon the termination of the Panama Canal Commission:”; (2) in subsection (a)— (A) by striking “The Secretary of Labor” and inserting “Upon the termination of the Panama Canal Commission, the Secretary of Labor”; and (B) by striking the last sentence; (3) in subsection (b)— (A) by inserting “under subsection (a)” after “Secretary of Labor”; and (B) by striking “Employees Compensation”; and (4) by adding at the end the following new subsection: “(c) Continuity of the Fund.— (1) Amounts in the Fund (including amounts transferred as a result of the final determination made under subsection (a)) shall be maintained by the Secretary of the Treasury, shall be made available for transfer to the Employees’ Compensation Fund in such amounts as are requested by the Secretary of Labor pursuant to section 4, and may be discontinued only in accordance with paragraph (2). “(2) At such time as the Secretary of Labor certifies that no further liability exists for workers compensation benefits or other payments described in section 3(a), the Secretary of the Treasury may discontinue the Fund in the manner provided by law.”.