A joint resolution to promote internal reconciliation within Nicaragua, on the basis of democratic principles, in furtherance of a peaceful resolution of the conflict in Central America.

Provides for $14,000,000 to be transferred to the Agency for International Development for humanitarian assistance for the Nicaraguan resistance forces.

Urges the President to: (1) pursue diplomatic and economic steps (including embargo of U.S. trade with Nicaragua) to resolve the conflict in Nicaragua; (2) suspend military maneuvers in Honduras if Nicaragua agrees to a cease-fire and opens a dialog with the democratic resistance; (3) call upon the democratic resistance in Nicaragua to remove from its ranks any human rights violators; and (4) resume bilateral discussions with Nicaragua.

Requires the President to report to the Congress.

Permits the President, under specified circumstances, to request the Congress to authorize additional assistance for the resistance.

Sets forth specified congressional procedures with respect to the enactment of this Act.