A joint resolution authorizing the President to enter into negotiations with foreign governments to limit the importation of automobiles and trucks into the United States.

Authorizes the President, subject to specified conditions, to negotiate agreements with foreign governments limiting imports of automobiles, trucks, and their parts. Restricts such authorization and such agreements to a specified period of time. Requires consultation with the private sector. Prohibits treating actions taken pursuant to such agreements as violations of U.S. laws.