A concurrent resolution expressing the sense of the Congress that the President should initiate talks with the Government of the Soviet Union, and with other governments interested in space activities, to explore the opportunities for cooperative East-West ventures in space, as an alternative to an arms race in space.

Expresses the sense of the Congress that the President should: (1) renew the agreement between the United States and the Soviet Union on space cooperation for peaceful purposes; (2) initiate talks with the Soviet Union and other interested governments on opportunities for cooperative East-West space ventures as an alternative to an arms race in space; and (3) submit to the Congress a report detailing the provisions of such agreement.