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.

HRES 1056 is a non-binding House resolution calling for the U.S. to formally end the Monroe Doctrine as official policy and develop a "New Good Neighbor" approach to relations with Latin American and Caribbean nations. It proposes specific policy shifts, including ending unilateral sanctions (like the Cuba embargo), reforming international financial institutions to support equitable development, and ending U.S. interference in regional judicial processes. The resolution directly affects U.S. foreign policy toward 34 countries in the region and aims to reshape diplomatic, economic, and security cooperation. As a resolution, it does not create new law but urges the State Department and Congress to adopt these changes.