1. Short title This Act may be cited as the People Empowerment Act . 2. Findings Congress finds as follows: (1) The Guam Legislature enacted Guam Public Law 24–222 in 1998, requiring voter referendum for any tax increases and any issuance of General Obligation Bond in an amount greater than $25,000,000. (2) The Guam Legislature has circumvented Guam Public Law 24–222 , passing local tax increases and entered into 28 General Obligation Bonds, 16 of which were in excess of $25,000,000 without ratification by the voters of Guam. (3) When public laws expressly mandate the involvement of the electorate with their vote on specific matters of law, such laws must be respected, and the people must be afforded the opportunity to vote. (4) Congress will act to protect the people of Guam’s authority in determining increases in taxes paid to their local government by ratifying such power in the Organic Act of Guam. 3. Voter approval required for certain revenue laws The Organic Act of Guam ( 48 U.S.C. 1421 et seq.) is amended by inserting after section 11, the following: 11A. Conditions for Laws Related to Taxation and Issuance of Bonds (a) Notwithstanding section 11, a law enacted by the Government of Guam that provides for issuance of municipal bonds in an amount greater than $25,000,000, an increase in a tax, or the imposition of a new tax— (1) shall not contain any provision except those necessary to enact the issuance, increase, or imposition