Promotion of Democracy in Angola Act of 1989

Summary

Promotion of Democracy in Angola Act of 1989 - Prohibits the United States or any U.S. person from making a loan or other extension of credit to Angola or to any organization owned or controlled by Angola. Exempts loans or credits for which an agreement is entered into before enactment of this Act. Directs the President, 90 days after enactment of this Act, to issue regulations prohibiting any U.S. person from making any investment in Angola. Exempts: (1) certain loans and extensions of credit; (2) investments of earnings from a business in Angola established before enactment of this Act which are made in that business; and (3) the purchase on a registered national securities exchange of securities in such a business. Amends the Foreign Assistance Act of 1961 to add Angola to the list of communist countries which may not receive assistance under such Act. Prohibits imports from, and exports to, Angola, except for exports of international disaster relief assistance. Directs the President to provide for enforcement of this Act. Imposes penalties for violations of this Act. Requires the provisions of this Act to terminate if the President certifies to the Congress that Angola: (1) is making a concerted and significant effort to comply with internationally recognized human rights; (2) has entered into discussions with its non-communist opposition; (3) has established certain laws; (4) has held free and fair elections by November 1, 1988; and (5) all troops from communist countries have withdrawn from Angola.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1989

   Introduced

   Referred to the House Committee on Foreign Affairs.

   Source: IntroReferral

2. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 January 1989

   Referred

   Referred to the Subcommittee on Trade.

   Source: Committee

5. 3 February 1989

   Referred

   Referred to the Subcommittee on International Economic Policy and Trade.

   Source: Committee

6. 15 February 1989

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

Sponsors

• Rep. McCollum, Bill [R-FL-5] · R · Sponsor
• Rep. Courter, Jim [R-NJ-12] · R · Sponsor
• · hsba00 · Standing
• · hsfa00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.