To expand the unemployment compensation benefits available to former members of the armed forces.

Repeals current Federal law which: (1) prohibits military personnel from being entitled to unemployment compensation before the fifth week after discharge or release; and (2) limits the aggregate amount of compensation payable on the basis of active service in the armed forces in any benefit year to 13 weeks of compensation.

Reduces the required length of active service by armed forces reserves for purposes of meeting Federal service requirements for unemployment compensation.