Amending the Rules of the House of Representatives to establish a Committee on the Reduction of Nonessential Federal Expenditures.

Amends Rule X (Organization of Committees) of the Rules of the House of Representatives to establish the House Select Committee on the Reduction of Nonessential Federal Expenditures.

Requires the Select Committee to make a full and complete study and investigation of all federal expenditures on a continuing basis to ascertain all that it deems nonessential.

Prescribes expedited procedures for legislation reported by the Select Committee.