A bill to regulate expenditures of appropriated funds with respect to private property used as residences by the President and Vice President of the United States.

Provides that the Administrator of the General Services Administration, in order to enable the Secret Service to perform its protective functions of the President and Vice President, may make expenditures to perform such protective functions with respect to two private or other properties not in Government ownership or control; one designated by the President and one designated by the Vice President.

States that the Administrator, or any other person authorized by law to make any expenditures specified by law shall make such recommendations as may be necessary to enable the Secret Service to perform its protective functions. Provides that the President or Vice President, as the case may be shall bear all costs to carry out the recommendations of the Administrator.

Requires the Administrator to send a report to the Congress within ninety days after the President or Vice President leaves office which specifies the property which he determines should not revert to the United States and his reasons therefor.