A bill to amend the Foreign Assistance Act of 1961 for the purpose of establishing policy with respect to aid to Pakistan and India.

[AI summary unavailable — showing source text] Amends the Foreign Assistance Act of 1961 to prohibit any country in South Asia which the President determines is producing weapons grade enriched uranium or separated plutonium in unsafeguarded facilities from receiving any U.S. assistance or obtaining an export license for the purchase of sophisticated U.S. equipment or technology with potential military application, until the President certifies to the Congress that the country has ceased producing such materials or has placed the facilities at which the materials are produced under international safeguards. Directs the Secretary of the Treasury, during any period that U.S. bilateral assistance to such country has been terminated pursuant to this Act, to instruct the U.S. executive directors of specified multilateral financial organizations to oppose any assistance to that country using funds provided by the United States. Allows the President to waive such requirements if the President: (1) certifies to the Congress that a second country in South Asia is producing such materials, and the failure of that country to agree to cease production is a factor in the first country's continued production; and (2) determines that the waiv…