A bill to establish a commission to investigate the Watergate incident.

Establishes the Watergate Investigation Commission to investigate the break-in at the Democratic National Committee headquarters on June 17, 1972, and any illegal or unethical activity discovered by such investigation.

Provides that such Commission shall be composed of seven members appointed jointly by the Speaker of the House of Representatives and the President of the Senate.

Authorizes the Commission to hold hearings, take testimony, and issue subpoenas requiring the attendance of witnesses and the production of evidence.

States that service of process may be made in the judicial district where the person required to be served resides or may be found.

Requires interim reports and a final report to the President and to each House of Congress not later than one year after the date of enactment of this Act, containing a detailed statement of the findings and conclusions of the Commission, together with its recommendations for such actions as it deems appropriate.

Authorizes to be appropriated such sums as may be necessary to carry out this Act.