REGULATION ON THE PROCEDURE TO REVISE - Panama Canal 2025

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The US took over the project in 1904 and opened the canal in 1914. The US continued to control the canal and surrounding Panama Canal Zone until the TorrijosCarter Treaties provided for its handover to Panama in 1977. After a period of joint AmericanPanamanian control, the Panamanian government took control in 1999.
The Panama Canal Authority is established under Title of the National Constitution, and has exclusive responsibility for the operation, administration, management, preservation, maintenance, and modernization of the canal.
This bill authorizes the President to negotiate with the appropriate Panamanian government officials to reacquire the Panama Canal. The President must submit a report to Congress within 180 days of enactment detailing the progress of such negotiations, potential challenges, and anticipated outcomes.
At noon on December 31, 1999, Panama took over full operation, administration and maintenance of the Canal, in compliance with the Torrijos-Carter Treaties negotiated with the United States in 1977. The waterway is now managed by the Panama Canal Authority (ACP for its Spanish acronym), an autonomous government entity.
The Neutrality Treaty signed by the U.S. and Panama in 1977 establishes a legal framework to ensure security of the Canal and to guarantee that it remains open to ships of all nations on an equal footing.

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The Panama Canal expansion project (Spanish: ampliacin del Canal de Panam), also called the Third Set of Locks Project, doubled the capacity of the Panama Canal by adding a new traffic lane, enabling more ships to transit the waterway, and increasing the width and depth of the lanes and locks, allowing larger ships
A-32-2022, all vessels with a beam of 109 feet (33.22 meters) or more, transiting Panama Canal since 1st October 2023, are required to have a fixed (non-portable) piloting unit with Real Time Kinematics (RTK) for submeter accuracy.

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