To prohibit Federal funding of certain public radio programming, to provide for the transfer of certain public radio funds to reduce the public debt, and for other purposes.

Prohibits federal funding to organizations incorporated for specified purposes related to: (1) broadcasting, transmitting, and programming over noncommercial educational radio broadcast stations, networks, and systems; (2) cooperating with foreign broadcasting systems and networks in international radio programming and broadcasting; (3) assisting and supporting such noncommercial educational radio broadcasting pursuant to the Public Broadcasting Act of 1967; or (4) acquiring radio programs from such organizations.

Requires the Corporation for Public Broadcasting, for FY2011-FY2012, to transfer to a designated Treasury account for use to reduce the public debt an amount equal to the amount allocated from the Public Broadcasting Fund for specified licensees and permittees of public radio stations, public radio programming, and for acquiring or producing certain national programming.