A bill to replace the program established under the Food Stamp Act of 1977 with a five year federally funded program established by the States.

Directs the Secretary of the Treasury to make payments to each State in quarterly installments for five fiscal years to finance State programs designed to meet the nutritional needs of such State's residents. Requires each State receiving such payments to: (1) provide for the administrative review of any ruling made by the State agency administering such program; (2) make annual reports to the Secretary for specified purposes; (3) publish reports and regulations in at least one general circulation newspaper; (4) limit the expenditure of such funds for administration and Federal grant-seeking purposes; and (5) permit the Secretary access to the records and files of such programs.

Directs the Secretary to withhold payment from any State in violation of such requirements. Requires each State to return unobligated funds to the Secretary. Directs the Secretary to return such amounts to the State when a review of the Secretary's determination is favorable to such State. Grants jurisdiction to review such determinations to the appropriate United States court of appeals.

Establishes in the Treasury a Nutritional Program Trust Fund to be used by the Secretary in making payments to States and for other specified purposes. Authorizes appropriations for five fiscal years.

Repeals the Food Stamp Act of 1977 at the beginning of the first fiscal year payments are made under this Act.

Directs the Secretary of Agriculture to issue regulations within a specified period to terminate the programs established and maintained under the Food Stamp Act.