—2Whereas the Compact of Free Association has been approved by the Governments of the Federated States of Micronesia and the Marshall Islands in accordance with their respective constitutional processes, thus completing fully for the Federated States of Micronesia and the Marshall Islands their domestic approval processes with respect to the Compact as contemplated Section 411: Now be it in Compact Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Compact of Free Association, the text of which follows, is hereby approved with respect to the Federated States of Micronesia and the Marshall Islands and that the President is authorized to agree to an effective date for and thereafter to implement the Compact of Free Association in accordance with the terms of this approval, having taken into account any procedures with respect to the United Nations for termination of the Trusteeship Agreement. SEC. 1. COMPACT OF FREE ASSOCIATION PREAMBLE THE GOVERNMENT OF THE UNITED STATES OF AMERICA - AND THE GOVERNMENTS THE MARSHALL ISLANDS AND THE FEDERATED STATES OF MICRONESIA Affirming that their Governments and their relationships as Governments are founded upon respect for human rights and fundamental freedoms for all, and that the peoples of the Trust Territory of the Pacific Islands have the right to enjoy self-government; and Affirming the common interests of the United States of America and the peoples of the Trust Territory of the Pacific Islands in creating close and mutually beneficial relationships through three free and voluntary associations of their respective Governments; and Affirming the interest of the Government of the United States in promoting the economic advancement and self-sufficiency of the peoples of the Trust Territory of the Pacific Islands; and Recognizing that their previous relationship has been based upon the International Trusteeship System of the United Nations Charter, and in particular Article 76 of the Charter; and that pursuant to Article 76 of the Charter, the peoples of the Trust Territory have progressively developed their institutions of self-government, and that in the exercise of their sovereign right i