To amend title XXI of the Social Security Act to extend the availability of allotments for fiscal years 1998 through 2001 under the State Children's Health Insurance Program (SCHIP).

Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act to revise the rule for redistribution and extended availability of FY1998 and 1999 allotments to States, permitting and extending retention of half of the FY 2000 allotment, and permitting and extending retention of half of the FY 2001 allotment.