Parental Protection Act - Requires the Department of Health and Human Services (HHS) to withhold all monies from state agencies or entities, hospitals, and medical facilities that: (1) allow research presenting greater than minimal risk to minors, juveniles, or wards of the state; (2) deny Fourteenth Amendment rights to the parents or child; or (3) investigate parents or charge them with medical neglect, or remove children from the parents' custody when they disagree with a subjective diagnosis involving psychotropic drugs.