A bill to require that Poland be declared to be in default unless certain liberties and rights are found to be restored in Poland before payments are made by the United States Government for loans owed by Poland or credits which have been extended to Poland which have been guaranteed or assured by agencies of the United States Government.

Prohibits payments by the Treasury on federally guaranteed loans to Poland unless either: (1) Poland has been declared in default; or (2) the President certifies to Congress that civil liberties and trade union rights have been restored in Poland to such a degree that it would be appropriate to promote commerce with Poland. Authorizes the President to delay implementation of this Act for up to 30 days.