A bill to establish a Joint Committee on Intelligence Oversight.

Establishes a Joint Committee on Intelligence Oversight in the Congress. States that the joint committee shall be composed of seven Senators and seven Representatives.

Declares it the duty of the joint committee to conduct a continuing study and investigation of the activities, operations, and budgets of (1) the Central Intelligence Agency, (2) the Federal Bureau of Investigation, Department of Justice, (3) the United States Secret Service, (4) the Defense Intelligence Agency, the National Security Agency, and other intelligence components of the Department of Defense, and (5) the related intelligence functions of all other departments and agencies of the Federal Government.

Directs the heads of the intelligence agencies to keep the joint committee fully informed with respect to all activities of their organizations.

Enumerates the powers of the joint committee, including the power to subpena witnesses and documents. Authorizes the committee to classify information which it originates. Directs the committee to protect from disclosure to unathorized parties any classified information.