To amend the Endangered Species Act of 1973 to require the preparation of economic impact analyses with respect to certain actions to protect endangered species and threatened species, to provide compensation for economic losses incurred under that Act, and to authorize appropriations to carry out that Act through fiscal year 1997.

Amends the Endangered Species Act of 1973 to prohibit a Federal official or employee from enforcing or implementing a designation of critical habitat, a protective regulation, or a recovery plan without the preparation and publication of an economic impact analysis.

Provides for: (1) the limitation of economic losses resulting from the listing of a species as endangered or threatened; and (2) compensation for loss or diminishment in value.

Authorizes appropriations to carry out such Act.