A bill to provide for a Special Counsel to represent the United States in all litigation pertaining to Presidential materials of Richard Nixon.

Establishes, as an independent agency of the executive branch, the Office of Special Counsel. Provides that the Special Counsel shall be appointed by the President with the advice and consent of the Senate, and may be removed from office only for gross dereliction of duty, gross impropriety or physical or mental inability to discharge the powers and duties of the office.

Grants to the Office of Special Counsel the exclusive authority and duty to represent the interests of the United States in any proceeding related to the Presidential materials of Richard Nixon. Defines "Presidential materials of Richard Nixon" as used in this Act.

Stipulates that this Act shall not impair any rights to the custody or use of such materials by the Office of Watergate Special Prosecution Force, and that no case in which the Special Counsel is representing the United States may be compromised, settled, or dismissed without prior notice to the Office of Watergate Special Prosecution Force and the express approval of the court.