A bill to provide for an evaluation of Federal Motor Vehicle Safety Standard 121 and to provide for a suspension for a period not to exceed fifteen months of any part of the standard which relates to any antilock braking requirement.

Directs the Secretary of Transportation to evaluate the adequacy and appropriateness of Federal Motor Vehicle Standard 121 (49 CFR 571.121) with particular attention to whether the antilock braking requirement is practicable and meets the needs of motor vehicle safety. Requires the Secretary to submit the results of such evaluation to Congress within 12 months. Suspends the implementation of any antilock braking requirement until three months after the Secretary submits such report.