International Security and Satellite Monitoring Act of 1988

International Security and Satellite Monitoring Act of 1988 - Establishes the Commission on International Security and Satellite Monitoring.

Requires the Commission to: (1) study areas in which remote-sensing satellites might be cooperatively employed, including environmental monitoring, disaster preparedness, drug trafficking, and arms reduction verification; (2) identify means to accustom all nations and the general public to the dissemination of information gathered by remote-sensing satellites; and (3) analyze the potential for the United States to solicit support for common security systems based on satellite monitoring arrangements. Sets forth specific factors for the Commission to consider in conducting such study. Prohibits the Commission from making any determinations as to whether restrictions should be placed on applicants or licensees pursuant to the Land Remote-Sensing Commercialization Act of 1984.

Requires the Commission to transmit a report to the President and to the Congress containing a detailed statement of its findings, conclusions, and recommendations.

Terminates the Commission two years after the enactment of this Act.

Authorizes appropriations.