To amend title 10, United States Code, to establish a program to place members of the Armed Forces who are separated from the Armed Forces in employment positions with law enforcement agencies to relieve shortages of law enforcement officers and to provide employment for displaced military personnel.

Directs the Secretary of Defense to establish a placement program to assist in providing employment with State and local law enforcement agencies for members of the armed forces involuntarily separated during the four years following enactment of this Act and having a military specialty, training, or experience related to law enforcement. Directs the Secretary to enter into agreements under which a State or local law enforcement agency agrees to train and employ an eligible participant for a minimum three-year period and the Secretary pays the State or local government the full amount of the officer's salary. Provides: (1) a priority for high crime areas; (2) for model placement agreements with the cities of Atlanta, Chicago, Los Angeles, and New York under the program; (3) a limit on the number of participants per State; (4) for the dissemination of information concerning the program as part of preseparation counseling; and (5) for special eligibility for persons already separated.