To provide that certain limitations on the payment of unemployment compensation to former members of the armed forces shall not apply to individuals involuntarily discharged or released from the armed forces.

Provides that limitations on the payment of unemployment compensation to former members of the armed forces providing for a five-week waiting period before such payments accrue and limiting the aggregate amount of compensation payable on the basis of Federal service with respect to a benefit year shall not apply to individuals involuntarily discharged or released from the armed forces.