Foreign Military Sales Act of 1971

Provisions of the Act

• Waiver and report - No sales, credits, or guaranties shall be made or extended to any country during a period of one year after such country seizes, or takes into custody, or fines an American fishing vessel engaging in fishing more than twelve miles from the coast of that country. The President of the United States may waive the provisions when determined it to be important to the security of the United States or the President receives reasonable assurances from the country involved that future violations will not occur, and promptly reports to the Speaker of the House of Representatives and the Senate Committee on Foreign Relations.
• Ceiling on foreign military sales credits - There is authorized to be appropriated to the United States to carry out this Act not to exceed $250,000,000 for each of the fiscal years 1970 and 1971. Unobligated balances of funds made available are authorized to be continued available by appropriations legislation to carry out this Act. The aggregate total of credits or participation in credits, extended pursuant to this Act, shall not exceed $340,000,000 for each of the fiscal years 1970 and 1971.
• Policy statement - It is the sense of Congress that sales and guaranties shall not be approved where they would have the effect of arming military dictators who are denying the growth of fundamental rights or social progress to their own people.
• Conventional arms trade - The President of the United States should take action as appropriate to initiate multilateral discussions among France, Great Britain, Italy, Union of Soviet Socialist Republics, West Germany, and other countries with regards to control the international trade of armaments. The United States was to commence a general debate in the United Nations with respect to the control of the conventional arms trade.
• International fighter aircraft - The sale, grant, loan, or transfer of any international fighter aircraft authorized by and made in accordance with the Foreign Military Sales Act or the Foreign Assistance Act of 1961, or is a regular commercial transaction between a party other than the United States and a foreign country, no such aircraft may be sold, granted, loaned, or otherwise transferred to any foreign country other than South Vietnam.
• Gulf of Tonkin Resolution - The joint resolution entitled "Joint resolution to promote the maintenance of international peace and security in Southeast Asia", approved August 10, 1964, is terminated effective upon the day that the second session of the 91st Congress is last adjourned.
• Chemical munitions transportation - No funds authorized or appropriated pursuant to this or any other law may be used to transport chemical munitions from the Island of Okinawa to the United States. Such funds as are necessary for the detoxification or destruction of the above described chemical munitions are authorized and shall be used for the detoxification or destruction of chemical munitions only outside the United States.