A bill to provide for review of risks relating to regulations pertaining to cotton dust.

Establishes an Independent Panel, appointed by the Secretary of Agriculture in conjunction with the Secretary of Labor, to investigate the safety and health implication of cotton dust exposure to workers in specified industries where exposure to cotton dust exists. Requires such Panel to report to the President for transmittal to Congress not later than December 31, 1979, its recommendations for regulations to protect workers exposed to cotton dust. Specifies items the Panel must consider in making its determination. Authorizes the appropriation of $1,000,000 for fiscal year 1978 and $1,000,000 for fiscal year 1979.

Suspends until the conclusion of the Panel's investigation specified current proposed standards for exposure to cotton dust.