A bill to provide for notification of Congress and, where necessary, congressional veto of major sales of arms to foreign nations.

Requires the President, under the Foreign Military Sales Act, to transmit a written report to the Senate and the House of Representatives with respect to major sales of specified amounts of arms to foreign nations.

States that the President may make such a sale thirty days after the report has been so transmitted unless, before the end of the first period of thirty calendar days of continuous session of Congress after the date on which the report is transmittted, either House adopts a resolution disapproving the sale.