A resolution to facilitate compliance with congressional intent expressed in the Balanced Budget and Emergency Deficit Control Act of 1985 with respect to fiscal year 1986.

Declares that each standing committee of the House of Representatives may, within two days of adoption of this resolution, submit to the House Budget Committee alternatives to the President's sequestration order under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), insofar as such order affects laws within the jurisdiction of the committee.

Requires the Budget Committee, within four days of adoption of this resolution, to report a resolution containing instructions to committees sufficient to achieve the total level of deficit reduction contained in the President's sequestration order for FY 1986. Provides that such instructions shall require that each committee (and each subcommittee of the Committee on Appropriations) achieve the same level of deficit reduction with respect to programs under its jurisdiction as would have been saved under the President's order.

Requires committees to submit recommendations to the Budget Committee by February 21, 1986, sufficient to meet deficit reductions.

Requires the Budget Committee to promptly report a reconciliation bill carrying out such recommendations. Authorizes the Budget Committee to include legislative language within the jurisdiction of any noncomplying committee. Requires such reconciliation bill to include a provision which states that if it is enacted on or before March 1, 1986, then the sequestration order for FY 1986 is null and void.

Establishes procedures for floor consideration of such reconciliation bill, including limitation on debates and amendments.