A joint resolution to establish a bipartisan National Commission for a Responsible Budget.

Establishes the National Commission for a Responsible Budget to review all relevant elements of fiscal and monetary policy. Requires the Commission to identify problems which may hinder the control and reduction of Federal budget deficits and analyze all potential options which would result in deficit reductions and place the Federal government on a sound financial basis.

Requires the Commission to transmit a report not later than February 15, 1984, or the close of the 90th day beginning after the date of enactment of this resolution, to the President and Congress containing a detailed statement of the findings and conclusions of the Commission, together with its recommendations for such legislation and administration actions as it considers appropriate.