Balkans Peace and Prosperity Act of 2000

Expresses the sense of Congress that: (1) the United States should take the lead in convening a Balkan Stabilization Conference to evaluate progress on implementation of the Dayton Peace Accords regarding Bosnia and the peace agreement with Serbia that ended Operation Allied Force; (2) a Balkan Stabilization Conference would serve a critical purpose of reviewing progress to date and considering modifications to agreements to foster stability, peace, improved self-determination by the region's inhabitants and the eventual reduction in the levels of outside peacekeepers; and (3) the potential for a successful review conference would be maximized if it included the parties to the Dayton and Operation Allied Force peace agreements, including NATO representatives, the Balkan "Contact Group", and other affected regional parties.

Authorizes funds for a Balkan Stability Initiative.