A concurrent resolution expressing the sense of the Congress that the United States should withdraw from the 1977 Panama Canal Treaties.

Calls upon the President to initiate negotiations with the Republic of Panama to nullify the 1977 Panama Canal Treaties and produce a new treaty which would: (1) maintain U.S. control and operation of the canal operating area; and (2) permanently extend U.S. military base rights in Panama.

Expresses the intention of the Congress to withhold funding for the Panama Canal Commission or take other appropriate action if the President does not enter into such negotiations within 90 days after the date of the adoption of this resolution by the Congress.