As used in this chapter, "Compact" means the Compact of Free Association between the Federated States of Micronesia and the United States of America and its related agreements.
(1) Mutual agreements by the Government of the Federated States of Micronesia as provided for in the Compact which results in amendment thereof shall be effected only by a two-thirds vote of the Members of Congress of the Federated States of Micronesia.
(2) Notwithstanding any other provision of this section, mutual agreement by the Government of the Federated States of Micronesia as provided for in the Compact which results in amendment thereof shall be effected only by a two-thirds vote of the Members of Congress and majority approval by the State legislatures of two-thirds of the States of the Federated States of Micronesia if such amendment provides for:
(a) delegation of a major power or major powers of Government of the Federated States of Micronesia to another government; or
(b) substantial reduction in any Compact benefit, even if the reduction is accompanied by any form of compensation.
(3) Notwithstanding any other provision of this section, the Congress of the Federated States of Micronesia may, as a matter of policy on a case-by-case basis, refrain from acting upon an amendment not within the scope of subsection (2) of this section until the State legislatures have had an opportunity to express a formal opinion on the matter by resolution.