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 its Latin American and Caribbean neighbors.

Key Provisions

• Ends the Monroe Doctrine as official U.S. policy toward Latin America and the Caribbean.
• Creates a "New Good Neighbor" policy focused on respect and cooperation with regional governments.
• Terminates all unilateral economic sanctions imposed by Executive orders and works to end those required by law, like the Cuba embargo.
• Establishes a policy of respecting other countries' sovereign decisions, including their choices about international organizations and diplomatic recognition.
• Advocates for international financial institutions to support economic growth, health care, education, and workers' rights, rather than strict loan conditions.
• Supports regular payments from the International Monetary Fund, known as Special Drawing Rights (an international reserve asset), to help regional governments invest in health care, education, and climate programs.