A bill relating to the procurement of property for the protection of the President and Vice President at private residences.

States that, except as provided in this Act, no funds authorized to be appropriated under any provision of law shall be available for obligation or expenditure for the protection of the President or the Vice President through the purchase, lease, construction, installation, or placement of any property at, on, in, or on the grounds of, any private residence of the President or Vice President unless such obligation or expenditure is: (1) incurred or made by the Secret Service; (2) certified by the Director or Deputy Director of the Secret Service as necessary for the protection of the President or Vice President; and (3) approved by the Director or Deputy Director of the Secret Service.

Allows the President and Vice President each to designate one private residence with respect to which funds may be made available pursuant to this Act, by notifying the Director of the Secret Service of the residence so selected.

Requires, not later than February 1 of each year, the Director of the Secret Service to transmit to the Speaker of the House of Representatives, the President pro tempore of the Senate, and the majority and minority leaders of the Senate and the House of Representatives, a report setting forth in detail, with respect to the preceding fiscal year the amount of each obligation or expenditure of funds in accordance with this Act, including a full explanation of the purposes for which such obligation or expenditure has been made.

Requires, not later than February 1 of each year, the President to transmit to the Speaker of the House of Representatives, the President pro tempore of the Senate, and the majority and minority leaders in the Senate and the House of Representatives a report, setting forth in detail, with respect to the preceding fiscal year, the amount of each obligation or expenditure of funds pursuant to this Act, including a full explanation of the purposes for which such obligation or expenditure has been made.