Calling for a modified freeze on Federal spending in fiscal year 1990.

Expresses the sense of the House of Representatives favoring a modified budget freeze in FY 1990 as an equitable way of complying with the deficit reduction targets of the Balanced Budget and Emergency Deficit Control Act of 1985. Calls for a freeze at FY 1989 levels of FY 1990 discretionary budget authority levels and aggregate Federal discretionary defense and nondefense spending. Lists as basic to a modified freeze the suspension of FY 1990: (1) cost-of-living adjustments for non-means-tested entitlement programs; (2) Federal civilian and military pay increases; (3) farm price support increases; and (4) Medicare and Medicaid price inflation reimbursements. Exempts from the freeze any payments of interest for the national debt and entitlement coverage (except Medicare) for new program entrants.