Provisions of Sanctions Bill Congress Sent to President
Highlights of the sanctions bill passed by House and Senate:
FINANCIAL--Prohibits new public and private loans, investments or other credit, except for educational, housing or humanitarian purposes. Companies would still be permitted to reinvest profits from South African enterprises.
IMPORTS--Prohibits import of South African uranium, coal, textiles, iron, steel, arms, ammunition, military vehicles, agricultural products and food; allows 90-day delay in ban on uranium, coal and textiles. Transfers sugar import quotas for South Africa to the Philippines. Bans any imports from South African state-owned companies. Makes permanent the ban on gold Krugerrand coins.
EXPORTS--Bans export of crude oil, petroleum products and munitions (enacting into U.S. law the U.N.-imposed international ban on arms exports). Prohibits export of any nuclear materials or technology. Bars exports of computers and computer services to the military, police and other agencies involved in administering apartheid.
AIRLINES--Terminates landing rights for South African aircraft in the United States, and bars U.S. airlines from South Africa. (No U.S. airlines currently serve South Africa).
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