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 preferences to any country that willfully aids or abets terrorism.

Requires the President to suspend economic assistance, military assistance, extensions of credits, and guarantees under the Foreign Military Sales Act, government and commercial sales of defense articles and services, and loans and loan guarantees by the Export-Import Bank, to any country that aids or abets terrorism, unless the President transmits to Congress a finding that such action is justified by national security and such finding is not disapproved by a concurrent resolution of Congress.