Multilateral Investment Guarantee Agency Act of 1987

[AI summary unavailable — showing source text] Multilateral Investment Guarantee Agency of 1987 - Authorizes the President to accept membership for the United States in the Multilateral Investment Guarantee Agency. Designates the Governor and Alternate Governor of the International Bank for Reconstruction and Development as Governor and Alternate Governor of the Agency. Directs that the U.S. Director of the Agency propose to the Board of Directors that the Board adopt policies and procedures under which the Agency would refrain from issuing guarantees with respect to any proposed investment that would: (1) be in a country which does not afford internationally recognized workers' rights; (2) be subject to trade-distorting performance requirements imposed by the host country that are likely to result in a significant net reduction in employment, or other trade benefits likely to accrue to, other member countries from the investments; or (3) likely increase a country's productive capacity for the same or a similar or competing product to one already facing excess worldwide capacity and cause substantial injury to producers of such product in another member country. Directs the Secretary of the Treasury: (1) to instruct the U.S. Di…