A joint resolution complying with the requirements of section 274(f)(1) of the Balanced Budget and Emergency Deficit Control Act of 1985.

Provides that the contents of the joint sequestration report of the Director of the Office of Management and Budget and the Director of the Congressional Budget Office for FY 1988 required under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) shall be deemed to be set forth in this resolution and shall serve as the sole basis for the presidential sequestration required under such Act.