A bill to amend the Foreign Assistance Act of 1961 and the Arms Export Control Act, and related statutory provisions, to authorize development and security assistance programs for fiscal year 1990, and for other purposes.

Urges the Secretary of State to initiate negotiations with the Government of Poland to establish an international board of U.S. and Polish representatives with authority to issue $150,000,000 per year of bonds, the proceeds of which would be deposited into a fund to develop the Polish economy into a market economy and to provide capital for private sector investment in Poland.

Authorizes the Secretary to make a grant to such board to provide funding necessary to enable it to purchase, at market rates, obligations issued by the United States, subject to specified conditions.

Authorizes appropriations.