A bill requiring the President to suspend economic assistance, military assistance, Government and commercial sales of arms, Export-Import Bank loans, and the generalized system of preference to any country that wilfully aids or abets terrorism.

Requires the President to suspend: (1) economic assistance; (2) military assistance; (3) sales of defense articles and services; (4) Export-Import Bank loans; (5) credits and guarantees under the Foreign Military Sales Act; and (6) certain preference status under the Trade Act of 1974, to any country which willfully aids or abets international terrorism. Permits the President: (1) to find that national security justifies assistance continuation; and (2) to continue such assistance unless disapproved by Congress.