To provide that the actuarial value of the prescription drug benefits of Members of Congress under the Federal employees health benefits program may not exceed the actuarial value of any prescription drug benefit under the Medicare Program.

Prohibits the actuarial value of the prescription drug benefit afforded to a current or former Member of Congress under the the Federal Employees Health Benefits Program from exceeding the actuarial value of any prescription drug benefit which may become available under title XVIII (Medicare) of the Social Security Act if: (1) such member is eligible for such Medicare benefits; and (2) legislation providing for prescription drug benefits under Medicare is passed in the 1st session of the 108th Congress and enacted into law.