A bill to terminate production under the D5 submarine-launched ballistic missile program and to prohibit the backfit of certain Trident I ballistic missile submarines to carry D5 submarine-launched ballistic missiles.

Directs the Secretary of Defense to terminate production of D5 submarine-launched ballistic missiles.

Allows funds obligated for such production to be used only for payment of termination costs.

Prohibits the Secretary from modifying two Trident I submarines for deployment with Trident II D5 missiles currently scheduled to commence in 2005 and 2006, respectively. Prohibits the use of funds appropriated to the Department of Defense for such modifications.

States that the above provisions shall not apply to D5 missiles in production on the date of enactment of this Act, or to the arsenal of such missiles on such date.