Joint resolution to set aside regulations of the Environmental Protection Agency under Section 206 of the Federal Water Pollution Control Act, as amended.

Directs the Administrator of the Environmental Protection Agency, within thirty days after enactment of this joint resolution, to publish and submit to the Congress regulations implementing such Provisions so as to effect an equitable allocation of appropriated funds among all qualified projects on which construction was initiated after June 20, 1963, but before July 1, 1972.

Directs the Administrator of the Environmental Protection Agency, at the time such regulations are submitted to the Congress, to notify each State.

Sets aside any regulations published or promulgated prior to the date of enactment of this joint resolution by the Environmental Protection Agency under the Provisions of the Federal Water Pollution Control Act, as amended relating to reimbursement and advanced construction of any publicly owned treatment works.