Shoulder-fired Missile Threat Reduction Act of 2006

Shoulder-Fired Missile Threat Reduction Act of 2006 - Defines "MANPADS" as: (1) a surface-to-air missile system designed to be man-portable and carried and fired by a single individual; or (2) any other surface-to-air missile system designed to be operated and fired by more than one individual acting as a crew and portable by several individuals.

States that it is U.S. policy to assist foreign governments to secure, remove, or eliminate stocks of MANPADS and other conventional weapons that pose a proliferation, security, or humanitarian threat.

Authorizes the Secretary of State to carry out an accelerated global program to secure, remove, or eliminate stocks of MANPADS and other conventional weapons that pose a proliferation, security, or humanitarian threat.

States that it should be U.S. policy to hold foreign governments accountable for knowingly transferring MANPADS to state-sponsors of terrorism or terrorist organizations.

Directs the President, upon a determination that a foreign government which has repeatedly supported acts of international terrorism knowingly transfers MANPADS to a foreign government or a terrorist organization, to: (1) report such information to the appropriate congressional committees; and (2) impose specified foreign assistance and military assistance sanctions on the transferring government. Exempts humanitarian assistance from such prohibition. Authorizes a national security waiver.

Expresses the sense of Congress that the U.S. government should pursue strengthened international diplomatic efforts to: (1) limit the availability and proliferation of MANPADS; and (2) exert diplomatic pressure to influence member country compliance with such efforts.

Directs the Secretary to report to the appropriate congressional committees respecting MANPADS and conventional weapons threat reduction.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov