To prohibit the Secretary of Health and Human Services from changing current regulations respecting use of voluntary contributions, provider-paid taxes, and intergovernmental transfers toward State share of medicaid expenditures.

Prohibits the Secretary of Health and Human Services from changing current regulations respecting the use of voluntary contributions, provider-paid taxes, and intergovernmental transfers toward a State's share of expenditures under Medicaid (title XIX of the Social Security Act).

Voids any previously issued regulations that make changes regarding the use of such contributions, taxes, and transfers.

Directs the Secretary to: (1) provide for the adjustment of any payments to States to restore any payments reduced as a result of such a regulation; and (2) notify State chief executive officers of such prohibition and adjustment.

Designates direct spending under this Act as an emergency requirement under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Exempts such spending from being counted toward sequestration under such Act.