A bill to provide for a Samantha Smith Memorial Exchange Program to promote youth exchanges between the United States and the Soviet Union, and for other purposes.

Authorizes the Director of the U.S. Information Agency to: (1) provide for educational exchanges between U.S. and Soviet youths under 21; and (2) award higher education scholarships to exceptional students under 25 who are studying in the Soviet Union in programs approved by their own higher education institutions and maintaining satisfactory proficiency.

Earmarks specified funds for FY 1986 and 1987 to carry out this Act. Refers to the activities specified in this Act as the Samantha Smith Memorial Exchange Program.