Expresses the sense of the House of Representatives that the President should: (1) transmit to Congress detailed reports on the situation in Iraq so that informed decisions can be made regarding both funding for the reconstruction of Iraq and eventual redeployment of U.S. troops from Iraq; (2) work with the international community, including all of Iraq's neighbors, to establish an international conference to create an international peacekeeping force and reconstruction program for Iraq; and (3) seek to convene a peace conference in a neutral location to encourage Iraq's ethnic and religious factions to achieve the important goals of national reconciliation, security, and governance for Iraq.