A bill to amend title 38, United States Code, in order to revise the provisions therein relating to the construction, alteration and acquisition of medical facilities under the jurisdiction of Veterans' Affairs.

Prohibits any appropriation from being made to construct, alter or otherwise acquire any Veterans Administration medical facility in excess of $2,000,000 without written notice to the Congress and not before a 90-day period in which either House of Congress may disapprove such expenditure. Directs the Administrator of Veterans' Affairs to submit a prospectus to Congress of any such proposed expenditure, including: (1) cost estimates; (2) facility description; and (3) location.

Directs the Administrator to submit a prospectus for any proposed medical facility expenditure in excess of $500,000 (but not more than $2,000,000) to the House and Senate Committees on Veterans' Affairs. Prohibits any appropriation for such project from being made unless: (1) the prospectus is submitted during the session of Congress in which such appropriation is to be made; and (2) a 30-day waiting period has expired.