Northern Spotted Owl Preservation and Northwest Economic Stabilization Act of 1992

Northern Spotted Owl Preservation and Northwest Economic Stabilization Act of 1992 - States that it is the purpose of this Act to set forth a plan to preserve the northern spotted owl (owl) while minimizing to the greatest extent possible the related loss of jobs and revenues.

Directs the Secretaries of Agriculture and of the Interior to: (1) adopt amendments to land and resource management plans to implement such purpose; (2) conduct timber sales and harvesting, prior to such amendments' completion, in accordance with a certain northern spotted owl preservation plan; and (3) amend such plans with regard to certain National Forest timber harvest rotations, silviculture systems, and land withdrawals.

Establishes owl protection zones of between ten and 100 acres around each nesting tree.

Authorizes and directs the Secretary of the Interior to implement the Northern Spotted Owl Preservation Plan-Draft, not withstanding any other provision of law.

Directs the Secretaries to manage certain lands under their respective jurisdictions in Washington, Oregon, and California in accordance with such Plan.

Subjects any person who hunts, injures, or collects an owl to specified civil and criminal penalties under the Endangered Species Act and the Migratory Bird Treaty Act.

Sets forth congressional reporting requirements.