Multilateral Export Control Sanctions Act of 1987

Multilateral Export Control Sanctions Act of 1987 - Requires the President to impose trade sanctions, for a period of one year, against Toshiba Corporation and Kongsberg Vaapenfabrik. Sets forth specified exceptions to such sanctions.

Authorizes the President to limit the scope of sanctions against foreign companies that violate Coordinating Committee regulations. Requires the President to report to the Congress with respect to sanctions applied against Toshiba Corporation and Kongsberg Vaapenfabrik.

Requires the President, for a one year period, to impose trade sanctions, and to notify the Congress of such action, in cases where: (1) a foreign person has violated the export control laws of a member country of the Coordinating Committee; and (2) such violation has resulted in the enhancement of Soviet and East bloc weapon technology. Sets forth specified exceptions and limitations with respect to such sanctions.

Sets forth provisions relating to cases where the President has discretion in imposing such sanctions.

Requires the President to annually submit a report to the Congress estimating the additional U.S. defense expenditures arising from illegal technology transfers.

Requires the President to seek, in negotiations with members of the Coordinating Committee and with other countries, improved cooperation with U.S. national security export and control efforts.

Sets forth provisions relating to compensation from foreign companies or individuals who divert critical U.S. technology to controlled countries. Provides for the recovery of civil damages for national security violations.