The mailing reports on action by the House Africa Subcommittee and International Economic Policy and Trade Subcommittee on HR 1580, the comprehensive sanctions bill introduced by Congressman Ron Dellums of California. The amended version of the bill includes: 1) mandatory disinvestment; 2) prohibiting imports from and exports to South Africa, with the exception of strategic minerals; 3) banning loans, extensions of credit, and short-term trade financing; 4) denying U.S. federal oil, coal, and natural gas leases or permits to any multinational companies that invest in South Africa or export petroleum products to South Africa; 5) prohibiting military and intelligence cooperation with South...
The mailing reports on action by the House Africa Subcommittee and International Economic Policy and Trade Subcommittee on HR 1580, the comprehensive sanctions bill introduced by Congressman Ron Dellums of California. The amended version of the bill includes: 1) mandatory disinvestment; 2) prohibiting imports from and exports to South Africa, with the exception of strategic minerals; 3) banning loans, extensions of credit, and short-term trade financing; 4) denying U.S. federal oil, coal, and natural gas leases or permits to any multinational companies that invest in South Africa or export petroleum products to South Africa; 5) prohibiting military and intelligence cooperation with South Africa; 6) directing the President to work with allies and trading partners to impose multilateral sanctions against South Africa; 7) establishing the position of Coordinator of South Africa Sanctions; and 8) making withdrawal of South African troops from Namibia and implementing UN Resolution 435 a condition for lifting sanctions.• Weaknesses • Status
