A bill to provide that funds appropriated for newly enacted or extended programs shall remain available for an additional fiscal year if such programs are not promptly implemented by the administering department or agency.

Provides that whenever a law is enacted establishing or extending a program under which persons or governments are entitled to participate in or receive benefits, and funds are appropriated to carry out the program for the first fiscal year of such program, then the funds so appropriated shall remain available for expenditure until the close of the fiscal year following such first fiscal year, unless the following requirements are met: (1) if rules or regulations are to be prescribed for the program, they must become effective not later than 120 days after enactment of such law; and (2) if applications are required in order to participate in, or receive benefits under, the progra, a period of not less than 60 days (beginning on the date on which applications are first accepted) shall be provided for making an application.