A concurrent resolution expressing the concern of Congress over Iran's development of the means to produce nuclear weapons.

States that Congress condemns: (1) the failure of the Government of Iran for nearly two decades to report material, facilities, and activities to the International Atomic Energy Agency (IAEA) in contravention of its obligations under its Safeguards Agreement; and (2) Iran's continuing nuclear program deceptions to the IAEA and the international community.

Urges the President to provide to the IAEA the resources necessary to enable it to fully investigate Iran's nuclear activities.

Commends (and contrasts) Libya's decision to renounce and dismantle its nuclear weapons program and to provide full, complete, and transparent disclosure of all its nuclear activities.

Calls upon other nations (including, specifically, members of the European Union, Japan, Malaysia, Russia, Pakistan, and the United Arab Emirates) and the United Nations (UN) Security Council to take a variety of measures to prevent the development of nuclear weapons by Iran, including through trade and investment restrictions and suspension of nuclear cooperation arrangements, and achieve Iranian compliance with the Nuclear Nonproliferation Treaty.

Urges UN Security Council sanctions on nonnuclear weapon states that commit significant violations of their safeguards agreements regarding uranium enrichment or plutonium reprocessing or engage in activities intended to support a military nuclear program.

Urges the UN Security Council, the Nuclear Suppliers Group, the Zangger Committee, the IAEA, other relevant international entities, and all states party to the Nuclear Nonproliferation Treaty to seek consensus, no later than the 2005 Nuclear Nonproliferation Treaty Review Conference, on the best means to limit the right of nonnuclear weapons states to engage in those nuclear fuel cycle activities that could contribute to nuclear weapons development.