Considers legislation on administration and operation of the Canal Zone government and Panama Railroad Co. and disposition of Panama Canal employees estates, pensions, and other benefits.

Considers H.R. 4328, to amend the Canal Zone Code to establish a Treasury Dept account for Panama Canal Co. excess revenues management and amortization of Federal investment.

Considers legislation to redesignate the Panama Railroad Company as the Panama Canal Company, and to establish Canal Zone and Canal Zone Government.