In opposition to the President's proposal to forgive the military assistance debt owed to the Unites States by the Government of Egypt.

Declares that: (1) the President should withdraw his request for authority to forgive the military assistance debts owed to the United States by the Egyptian Government; (2) if the President fails to withdraw that request, the Congress should reject it; and (3) the President should develop a plan for the sharing of the costs and responsibilities of checking Iraq's aggression.