Conditioning United States-Egypt Military Exercises Act of 2012 - Prohibits FY2013 funds from being used for U.S. participation in joint military exercises with Egypt if, during FY2013, Egypt abrogates, terminates, or withdraws from the 1979 Egypt-Israel peace treaty.
Authorizes the President to waive such limitation if the President certifies to Congress that the waiver is in U.S. national security interests.