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Code · STATUTE-COMPILATIONS · Export-Import Bank Act Amendments of 1986 · Sec. 21

Sec. 21. POLICY TOWARD UNITED STATES BUSINESS TRANSACTIONS IN ANGOLA

278 words·~1 min read·/statute-compilations/comps-1348/sec-21

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## SEC. 21 POLICY TOWARD UNITED STATES BUSINESS TRANSACTIONS IN ANGOLA ###
(a)The Congress finds that— ####
(1)the Marxist Popular Movement for the Liberation of Angola (hereafter in this section referred to as the “MPLA”) has failed to hold fair and free elections since assuming power in Angola in 1975; ####
(2)Angola currently harbors more than 35,000 Soviet and Cuban troops and advisers; ####
(3)the Cubans and Soviets have channeled more than $4,000,000,000 in assistance and military aid in furtherance of this intervention in Africa; ####
(4)the MPLA government of Angola obtains more than 90 percent of its foreign exchange from the extraction and production of oil; ####
(5)most of Angola's oil is extracted in Cabinda Province, where 75 percent of it is extracted by the Chevron-Gulf Oil company; ####
(6)the MPLA has refused to take meaningful steps to end its dependency on Soviet and Cuban forces, engage in national reconciliation efforts within Angola, or encourage the independence of Namibia; and ####
(7)United States business interests are in direct conflict with United States foreign policy objectives in aiding the MPLA government of Angola, which directly opposes Jonas Savimbi and UNITA, recipients of United States support. ###
(b)####
(1)It is the sense of the Congress that the interests of the United States are best served when United States business transactions conducted in Angola do not directly or indirectly support Cuban troops and Soviet advisers. ####
(2)The Congress hereby requests that the President consider using his authorities under the Export Administration Act of 1979 to restrict United States business transactions that conflict with United States security interests in Angola.
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