To amend title 31, United States Code, to limit the authority of the President and heads of agencies to prevent the closing of appropriation accounts available for indefinite periods.

Amends Federal law to repeal the authority of the President and agency heads to close an appropriation account which is available for obligation for an indefinite period if the President or agency head concerned determines that the purposes for which the appropriation was made have been carried out. (Retains the authority to close such an account if no disbursement has been made against it for two consecutive fiscal years.)