John Hansen: “Mr. Speaker, the Guam Omnibus Opportunities Act, H.R. 2462, introduced by the gentleman from Guam (Mr. Underwood) has…”

“Mr. Speaker, the Guam Omnibus Opportunities Act, H.R. 2462, introduced by the gentleman from Guam (Mr. Underwood) has been developed on a bipartisan basis and contains four provisions affecting our territory in the Western Pacific. The bill proposes to, one, provide Guam the right of first refusal for the return of future lands currently in possession of the Federal Government; two, allows the government to lower the withholding tax rates imposed on foreign investors to equal that of the treatment of States under U.S. treaties with other nations; three, provides a narrow interpretation for Guam to be included in the U.S. Customs Zone for the purpose of importing betel nuts by an individual for personal consumption; and, four, authorizes the governors of the territories and the State of Hawaii to report to the Secretary of the Interior Department on the financial and social impacts of the Compacts of Free Association on their respective jurisdictions. I urge the support of Members for this measure.”