A bill to provide that funds received as universal service contributions under section 254 of the Communications Act of 1934 and the universal service support programs established pursuant thereto are not subject to certain provisions of title 31, United States Code, commonly known as the Antideficiency Act, for a period of time.

Makes Federal provisions which prohibit the obligation or expenditure of funds either in excess of appropriated amounts or in violation of sequestration orders under the Balanced Budget and Emergency Deficit Control Act of 1986 inapplicable, during the period beginning on the enactment of this Act and ending on December 31, 2005, to: (1) any amount collected or received as Federal universal service contributions; or (2) the expenditure or obligation of amounts attributable to such contributions.