A bill to provide for the monitoring of the restrictions on Soviet trade.

Expresses the sense of Congress that effective monitoring and enforcement of the export control measures taken in response to the Soviet invasion of Afghanistan should receive highest priority.

Requires any removal or relaxation of any such export control or any approval of licenses for exports to the Soviet Union to be reported to Congress. Directs the Secretary of Commerce to report quarterly to Congress concerning the effectiveness of such export controls. Directs other Federal agencies to cooperate with the Department in the preparation of such report. Requires the Joint Economic Committee of the Congress to review such report with regard to the assessment of the economic effects of such controls on the Soviet Union and to provide an evaluation to specified congressional committees.