A concurrent resolution expressing the sense of the Congress with respect to efforts to achieve further cooperation among the member countries of the North Atlantic Treaty Organization (NATO).

Expresses the sense of Congress that the President should propose at the June 1982 North Atlantic Treaty Organization (NATO) summit meeting that NATO allies should agree to: (1) pool their defense efforts and resources to create a credible conventional defense force; (2) establish a cooperative defense-industrial effort to reduce defense costs; (3) share the financial burdens and benefits of NATO defense equitably; and (4) establish programs to bring about the above agreements. Urges the President to work with Congress to implement any such agreements reached with NATO countries.