The assumption that wave function collapse is induced by the interactions that generate decoherence leads to a stochastic collapse equation that does not require the introduction of any new physical constants and that is consistent with conservation laws. The collapse operator is based on the interaction energy, with a variable timing parameter related to the rate at which individual interactions generate the branching process. The approximate localization of physical systems follows from the distance-dependent nature of the interactions. The equation is consistent with strict conservation of momentum and orbital angular momentum, and it is also consistent with energy conservation within the accuracy allowed by the limited forms of energy that can be described within nonrelativistic theory. A relativistic extension of the proposal is outlined.
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