Prohibits using any funds provided to the Department of Defense, the White House, or the Executive Office of the President to pay for a parade that is sponsored by those entities and that specifically commemorates or pays tribute to the sitting President. The measure defines a "covered parade" as an event sponsored by those federal entities that explicitly honors the current President and bars federal money from being spent on such events.

The prohibition is narrowly targeted at federal funding for presidential tribute parades; it does not prohibit non-federal entities or private funds from sponsoring similar events, nor does it change other uses of appropriated funds.