A bill to protect the national security; protect the economic well-being of the American people including the Nation's present supplies and undeveloped sources of energy, fuel, food, and fiber from damage due to arbitrary and unsound regulation, order, or decision issued by any executive department, agency, or commission, and for other purposes.

Authorizes the President to nullify and cancel any Federal agency rule or regulation which may: (1) be harmful to human life; (2) restrict the Nation's production of fuel or energy resources; (3) threaten the Nation's supplies of food and fiber; (4) interfere with military maneuvers and national security; or (5) have an adverse effect on the Nation's economy disproportionate to its ecological benefits. Permits the Congress to countermand such a presidential order provided both Houses vote to vacate it within 30 days of its issuance.