This week’s “Congress Bill Spotlight” features the Panama Canal Repurchase Act, allowing the U.S. President to negotiate the acquisition of the canal from Panama. Introduced by Rep. Dusty Johnson, the bill reflects rising concerns over Chinese influence. While supporters argue for U.S. ownership for security reasons, opponents emphasize Panama’s sovereignty. The bill currently has 29 Republican cosponsors and awaits committee action.
The Fulcrum presents the “Congress Bill Spotlight,” a weekly report by journalist Jesse Rifkin, highlighting significant legislation in Congress that often receives minimal coverage. This week, the focus is on the Panama Canal Repurchase Act, which would allow the President to negotiate the acquisition of the canal from Panama, a move seen as essential by some in light of China’s growing involvement in the region.
Introduced by Rep. Dusty Johnson on January 9, the bill could authorize discussions about repurchasing the Panama Canal, but lacks a Senate counterpart. Notably, a previous version hinted at a humorous $1 price tag, referencing a myth surrounding the canal’s transfer in 1977 under President Jimmy Carter, rather than an actual official price.
The Panama Canal facilitates significant maritime trade by connecting the Atlantic and Pacific Oceans, effectively reducing travel distance for vessels. Although the U.S. controlled it for decades, control was handed over to Panama in 2000 following a treaty signed by Carter, with the Senate ratifying the agreement by a narrow margin.
Recent claims by President Trump suggest that China operates the canal. While U.S. interests dominate with 72% of total cargo, concerns are rising regarding Panama’s growing ties to China, especially as two key ports are managed by a Hong Kong company, Hutchison Ports PPC. Trump aims to negotiate U.S. control, not excluding military action as an option if necessary.
Supporters of the bill, including Rep. Johnson, argue that U.S. interests are threatened, emphasizing that the canal’s ownership could bolster national security and global strength. Similarly, Marco Rubio, a top foreign policy official, noted the potential risks of foreign powers influencing the canal strategically.
Contrastingly, Panama’s President José Raúl Mulino firmly rejects the notion of U.S. control. He asserts the canal’s belonging to Panama and emphasizes the non-negotiable sovereignty of the country. Antony Blinken, Biden’s Secretary of State, recognizes legitimate concerns but maintains that longstanding treaties should be honored.
Currently, the bill has garnered support from 29 Republican cosponsors and is awaiting action from the House Natural Resources Committee, controlled by Republicans. Jesse Rifkin’s reports will continue to explore significant legislative efforts in Congress.
The Panama Canal Repurchase Act proposed in Congress aims to authorize the U.S. President to negotiate the purchase of the Panama Canal from Panama, citing concerns over China’s influence. While supporters view this as a national security necessity, opponents, including Panamanian officials, strongly contest the idea of U.S. control. The legislative journey continues as the bill awaits discussion in committee, accompanied by strong partisan support.
Original Source: thefulcrum.us
