((a)) ** Promotion of scholarly, cultural, and artistic activities; grants** The Commission is authorized to—

((1)) develop and carry out programs at public or private institutions for the promotion of scholarly, cultural, and artistic activities in Japan and the United States consistent with the provisions of ; and

((2)) make grants to carry out such programs.

((b)) ** Annual report** The Commission shall submit to the President and to the Congress an annual report of its activities under this chapter together with such recommendations as the Commission determines appropriate.