A joint resolution to provide for resolution of the single outstanding issue in the current railway labor-management dispute, and for other purposes.

Provides for the resolution of the dispute between the carriers represented by the National Carriers' Conference Committee of the National Railway Labor Conference and certain of their employees represented by the Brotherhood of Locomotive Engineers. Directs that the parties be bound by the Report and Recommendations of the Presidential Emergency Board Numbered 194, dated August 19, 1982. States that such Report and Recommendations shall have the same effect as though arrived at under the Railway Labor Act, and be effective for the period April 1, 1981, through June 30, 1984.