Concurrent resolution declaring the commitment of the House to comply with the Congressional Budget and Impoundment Control Act of 1974 and to reduce spending levels.

Reaffirms the commitment of Congress to compliance with the Congressional Budget and Impoundment Control Act of 1974. States that the House recognizes and approves the administration's determination to reduce spending levels. Declares the intention of the House to seek to counterbalance future tax reductions by restricting the growth of spending.