09/08/1986
https://www.presidency.ucsb.edu...
"The political status of free association is distinguishable both from independence and from an extension of United States sovereignty; under it, plenary defense rights and responsibilities would remai..."
"Our heritage of individual liberty is dependent on the rule of law."
"It also endorsed a new political status in which the three Micronesian Governments would enter into relationships of free association with the United States."
"It shows that voluntarism can work."