Democracy in South Korea Act of 1987

Summary

Democracy in South Korea Act of 1987 - Imposes certain sanctions on South Korea unless the President submits, and the Congress enacts a joint resolution approving, a certification that the Government of South Korea: (1) is taking steps to afford internationally recognized workers rights and has ended its pattern of violations of internationally recognized human rights; and (2) has made significant progress in establishing a peaceful transition to democracy. Specifies such sanctions as: (1) making South Korea ineligible as a beneficiary developing country for purposes of the generalized system of preferences; (2) prohibiting the Overseas Private Investment Corporation from providing any insurance, reinsurance, guarantees, or financing for projects in South Korea; and (3) requiring the U.S. Executive Director of each relevant multilateral development bank to cast a negative vote on any loan or other financial or technical assistance for South Korea which is not directed to programs which serve basic human needs.

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Timeline

1. 18 June 1987

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 18 June 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 June 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 June 1987

   Referred

   Referred to Subcommittee on Trade.

   Source: Committee

5. 29 June 1987

   Referred

   Referred to Subcommittee on International Economic Policy and Trade.

   Source: Committee

6. 1 July 1987

   Referred

   Referred to Subcommittee on International Finance, Trade and Monetary Policy.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 June 1987

  Open at official source

Sponsors

• Rep. Foglietta, Thomas M. [D-PA-1] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Sponsor
• Rep. Levine, Mel [D-CA-27] · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-8] · D · Sponsor
• · hsba00 · Standing
• · hsfa00 · Standing
• · hswm00 · Standing

Related records

• related to ← Democracy in South Korea Act of 1987