Compact of Free Association Amendments Act of 2023

This joint resolution approves the 2023 agreements that amend the U.S. compacts with the Federated States of Micronesia, the Republic of the Marshall Islands, and Palau, which govern their political and economic relationship. It authorizes continued U.S. assistance including funding for health care services, education programs, and economic development initiatives in these nations. The bill establishes new oversight mechanisms requiring regular reporting to Congress on the implementation of these agreements. It also updates procedures for managing funds and ensures that U.S. assistance remains separate from the nations' foreign debt obligations.