Congress of the Federated States of Micronesia

FSM Congress News, May 16, 2003

PALIKIR, Pohnpei (FSM Congress): May 16, 2003 - Congress unanimously adopted its first resolution of the 13th Congress, which expresses the gratitude of the people of the Federated States of Micronesia to the Honorable Jack Fritz for his many years of dedicated service as a member and speaker of the Congress of the Federated States of Micronesia.

The Honorable Jack Fritz was first elected to the 2nd Congress of the Federated States of Micronesia in 1981 and served numerous committee assignments including chairmanship of the Judiciary and Governmental Operations and Transportation and Communication, and other committees. Mr. Jack Fritz won the speakership during the 5th Congress and retained that position until the 12th Congress.

In order to alleviate the problems of finding money to fund the special sessions and the inauguration, Floor Leader Henry C. Asugar introduced, in this morning session, Congressional Bill No. 13-4, which would allow the President to reprogram up to ten percent to and from the funds appropriated to each department and office in the Executive Branch.

Congress is expected to consider the bill as soon as the Committee on Ways and Means makes its report on its findings.

President Joseph J. Urusemal, Vice President Redley Killion and members of the cabinet were escorted into the Congressional Chamber right after the morning session to meet with Congress and address the issues that were considered most priority to the nation and the states.

The officials discussed the FY 2004 Budget Cycle and the need for a legislative package to implement the amended compact. The need to establish FSM JEMCO members and staff and the amended compact ratification process were also discussed. Other issues including ways to find funds for special elections, inauguration and FSM athletes to the South Pacific were also discussed. At the end of the meeting, Members of Congress seemed to feel satisfied with some of the discussions and assured the President that they will do their best to resolve these problems as soon as they can.

The Committee on Resources and Development met with the FSM Banking Board this morning at 8:30 at the Central Conference Room. Members of the committee were most interested to find out the problems affecting the banking system in the nation, if any, and what the Banking Board thinks should be done to resolve them.

To prepare themselves before Congress takes up the proposed budget for the Board, the Members asked the officials who attended the meeting to walk them through the operation of the Board and tell them what they see as hurtles and how they react to them. Members asked Board officials to consider their priority needs and provide those to the committee so that it can make appropriate recommendations to Congress.

Congress recessed at 10:40 this morning and will reconvene on Monday, May 19, at 10:00 a.m.

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