To provide for the payment to former members of the Armed Forces held as prisoners of war during the Korean conflict of amounts attributable to leave accrued and lost while in a missing status.

Directs the Secretary of the military department concerned to pay to each individual member of the armed forces held as a prisoner of war during the Korean conflict an amount equal to the greater of $300 or the amount of leave accrued and lost while in a missing status.

Authorizes such payments only if the individual involved has adequate records proving prisoner status, the grade held during such period, and any other information required by the Secretary.