Expressing support for the President's no-undercut policy concerning existing strategic offensive arms agreements.

Expresses the sense of the Congress that the United States should: (1) pursue with the Soviet Union the resolution of concerns with respect to compliance with existing strategic arms control agreements and seek corrective actions through confidential diplomatic channels such as the Standing Consultative Commission and summit meetings between U.S. and Soviet leaders; and (2) continue to refrain from undercutting existing strategic offensive arms agreements so long as the Soviet Union does the same or until a new agreement is concluded. Urges the Soviet Union to take positive steps to resolve U.S. concerns with regard to compliance with such agreements.

Urges the President to: (1) submit a report to the Congress regarding U.S. and Soviet no-undercut policies with respect to strategic arms control agreements and the reduction of strategic weapons in both countries' arsenals; (2) consider the impact of any change to the current policy with regard to existing strategic offensive arms agreements on the long-term security interests of the United States and its allies and to consult with the Congress before making such change in policy; and (3) ensure that future reports to the Congress regarding Soviet compliance with arms control commitments present an assessment that identifies limitations and adherence to such agreements.

Provides that nothing in this resolution should be construed as: (1) endorsing unilateral U.S. compliance with existing strategic arms agreements; (2) prohibiting the United States from exercising its rights under international law with respect to treaty compliance; and (3) prohibiting the development, flight-testing, or deployment of small intercontinental ballistic missiles.