Calling for the annulment of the Monroe Doctrine and the development of a "New Good Neighbor" policy in order to foster improved relations and deeper, more effective cooperation between the United States and our Latin American and Caribbean neighbors.

This resolution expresses the sense that the Department of State should formally confirm that the Monroe Doctrine is no longer part of U.S. policy towards Latin America and the Caribbean.

Specifically, the resolution calls on the United States to

develop a New Good Neighbor policy; create a new approach to promoting development based on respect for economic development plans of the region’s governments;terminate all unilateral economic sanctions;develop legislation that triggers an automatic review of bilateral assistance when there is an extra-constitutional transfer of power;declassify all U.S. government archives relating to past coups d'etat, dictatorships, and human rights abuse; and work with Latin American and Caribbean governments on far-reaching reform of the Organization of American States.