A concurrent resolution expressing the sense of the Congress that the Board of Governors of the Federal Reserve System should take such steps as may be necessary to prevent electronic fund transfers between financial institutions in the Republic of Panama and financial institutions in the United States until such time as the President certifies the Republic of Panama pursuant to section 481(h)(2)(A) of the Foreign Assistance Act of 1961.

Summary

Expresses the sense of the Congress that the Federal Reserve Board should take steps to prevent electronic fund transfers between financial institutions in Panama and financial institutions in the United States until the President certifies (pursuant to the Foreign Assistance Act of 1961) that Panama has cooperated fully with the United States in preventing illegal traffic in drugs.

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1 official file

• Introduced in House

  summary · EN · 2 March 1988

  Open at official source

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