S.142 - Federal Government - A bill to amend title XXI of the Social Security Act to allow qualifying States to use all or any portion of their allotments under the State Children's Health Insurance Program for certain Medicaid expenditures.

Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA), as amended by the National Institutes of Health Reform Act of 2006, to allow qualifying states to use all or any portion (currently, up to 20%) of their allotments under SCHIP for certain Medicaid (SSA title XIX) expenditures.

Requires qualifying states to implement at least three of the following policies and procedures: (1) a simplified application process; (2) elimination of any asset test; (3) twelve-month continuous eligibility; and (4) easy access to enrollment staff.