Congress News Day 16: Tuesday, February 19th
PALIKIR, Pohnpei (FSM Congress): February 19, 2008 - Day 16 of the Third Regular Session of the 15th Congress of the Federated States of Micronesia passed on Second Reading a bill for $3.8 million to fund public projects and social programs in the four states.
After its third amendment, Congress adopted Congressional Bill (CB) no. 15-94, CD 3 for $3.8 million from domestic revenues to fund public projects and social programs in the four states.
Other legislative measures addressed during today's session included, two bills that passed First Reading - C.B. no. 15-55, a bill proposed to establish a national Venture Fund to provide an incentive for large foreign companies to register major corporations in the FSM.
Also passed is C.B. no. 15-75, a bill to amend title 7 of the FSM Code to allow, through naturalization, FSM citizenship to those FSM nationals and children of FSM citizens wishing for citizenship, and other purposes.
In addition to the First Readings, Congress had deferred action on the following bills that were up for Second and final reading:
Congress also addressed two Congressional Resolutions today:
Following the public hearing announcements by the Committee Chairs, Congress went into recess until the next day.
For further information on this release, please contact:
Congress of the Federated States of Micronesia Public Information Office P.O Box PS-3 Palikir Station, Pohnpei, FM 96941 Tel.: (691) 320-2324/2325 Fax.: (691) 320-5122 e-mail: email@example.com http://www.fsmcongress.fm