Democracy in Chile Act of 1987

[AI summary unavailable — showing source text] Democracy in Chile Act of 1987 - Declares that it is U.S. policy to: (1) encourage the peaceful return to democracy in Chile; (2) condemn continued acts of brutality by the Chilean Government as well as the assassination attempt against General Pinochet; (3) call for the adoption of a timetable for the transition to democracy and civilian rule; and (4) support efforts to establish the framework for such transition. Imposes the following sanctions against Chile beginning 30 days after enactment of this Act: (1) U.S. opposition to multilateral development bank loans or other assistance for Chile unless the assistance is directed specifically to programs which serve the basic human needs of the citizens of Chile; (2) denial of benefits to Chile under the Generalized System of Preferences and prohibition of duty-free treatment of imports from Chile; (3) denial of Overseas Private Investment Corporation loans or investment guarantees for Chile; (4) prohibition of imports of copper from Chile; and (5) termination of the United States-Chile air transportation agreement. Provides that such sanctions shall not apply if: (1) the President certifies to the Congress that Chile has made signifi…