Latin American Arms Control Act of 1997
Latin American Arms Control Act of 1997 - Expresses the sense of the Senate that the President should respect the request of Latin American heads of government for a two-year moratorium on the sale or other transfer of highly advanced weapons to Latin American countries while proposals for regional arms restraint are studied.
Prohibits the sale or transfer, issuance of an export license, or financing of the sale or export of highly advanced weapons to Latin American countries.
States that this prohibition does not apply to any sale, sales, financing, or license permitted by an international agreement that provides for restraint: (1) in the purchase of highly advanced weapons by countries in Latin America; or (2) in the sale or other transfer of highly advanced weapons to countries in Latin America.
Read twice and referred to the Committee on Foreign Relations.