A bill to offset the spending contained in the fiscal year 1999 emergency supplemental appropriations bill in order to protect the surpluses of the social security trust funds.

Requires the Director of the Office of Management and Budget, no later than 15 days after Congress adjourns to end the first session of the 106th Congress and on the same day as a specified sequestration (if any) under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), to cause a sequestration for FY 2000 of all non-exempt accounts within the discretionary spending category (excluding national defense) to achieve a reduction in budget authority equal to $13.303 billion minus the amount of reimbursements identified in a report under the 1999 Emergency Supplemental Appropriations Act regarding efforts to increase burden sharing for Operation Allied Force.