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 1987.

Declares that each standing committee of the House of Representatives may, not later than September 12, 1986, submit to the House Budget Committee alternatives to the joint report of the Directors of the Office of Management and Budget and the Congressional Budget Office 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, not later than September 19, 1986, to report a resolution containing instructions to committees sufficient to achieve the total level of deficit reduction contained in the Director's report for FY 1987. 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 Director's report.

Requires committees to submit recommendations to the Budget Committee by September 26, 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 October 15, 1986, then the President's sequestration order for FY 1987 is null and void.

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