A bill to provide for increased congressional oversight of foreign military sales conducted under the Foreign Military Sales Act.

Provides, under the Foreign Military Sales Act, that no letter of offer to sell any defense articles or services under such Act may be issued until the end of the first period of thirty calendar days of continuous session of Congress after the date on which the statement required by such Act is transmitted, unless the President in his statement certifies that an emergency exists which requires such sale in the national security interests of the United States. States that the President may issue such letter of offer thirty days after the statement 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 statement is transmitted, Congress adopts a concurrent resolution disapproving the proposed sale, credit sale, or guaranty with respect to which the statement is made.

Specifies the procedures by which such a resolution shall be considered by the Congress.