This Act may be cited as the Greenland Annexation and Statehood Act.

The President is authorized to take such steps as may be necessary, including by seeking to enter into negotiations with the Kingdom of Denmark, to annex or otherwise acquire Greenland as a territory of the United States. Upon completion of such annexation or acquisition, the President shall submit to Congress a report consisting of such changes to Federal law as the President may determine necessary to admit the newly acquired territory as a State, in order to expedite congressional approval of such statehood for Greenland after the adoption of a constitution that Congress determines to be republican in form and in conformity with the Constitution of the United States.