Providing that development assistance by the United States to foreign countries should be provided only to countries that work toward economic and political freedom to improve the living standards of all of its citizens.

Declares that the United States should provide non-humanitarian development assistance only to countries that: (1) encourage free and open market policies, practice free and fair elections, advance democracy and the rule of law, root out corruption, and promote higher standards of living for all its citizens; and (2) make progress toward economic freedom based on such factors as protection of the right of citizens to own property, transparency in government, privatization, investment in health care and education, stable and independent monetary and wage and price policies, trade liberalization, and reduction in government corruption.