A bill to terminate certain authority of the executive branch of the Government which is subject to congressional review unless that authority is approved by an enactment of the Congress.

Terminates the authority of the President to authorize a department or agency with defense-related functions to make, modify, or make advanced payments on contracts if such action would facilitate the national defense (formerly subject to congressional veto) unless the exercise of such authority is approved by an enactment of Congress within 180 days after the enactment of this Act.