A concurrent resolution expressing the sense of Congress regarding the preservation of full and open competition for contracts for the transportation of United States military cargo between the United States and the Republic of Iceland.

Expresses the sense of Congress that the President should ensure that full and open competition continues in the selection of companies to transport U.S. military cargo between the United States and Iceland in accordance with the Treaty Between the United States of America and the Republic of Iceland to Facilitate Their Defense Relationship and Related Memorandum of Understanding in Implementation of the Treaty, signed September 24, 1986.

Declares that neither the Secretary of State nor any other official of the United States should, without the advice and consent of the Senate, seek to amend, interpret, or alter the administration of the treaty or memorandum of understanding in any manner (through limitations on eligibility or otherwise) that: (1) would preclude companies qualified to conduct business under the laws of the United States or the Republic of Iceland from submitting offers for, being awarded, or performing such a transportation contract; or (2) would otherwise defeat the purpose of enhancing competition among United States-flag carriers or among Icelandic shipping companies under the treaty or memorandum.