A bill to transfer the Coast Guard to the Department of Defense.

Transfers the Coast Guard to the Department of Defense, and vests in the Secretary of Defense all functions, powers, and duties of the Secretary of Transportation and of other officers and offices of the Department of Transportation relating to the Coast Guard.

Provides that the Coast Guard shall operate as a part of the Navy in time of war or when the President shall so direct.

States that a member of the Coast Guard on active duty may be assigned to any position in the Department of Defense for which members of the Armed Forces are otherwise eligible.

Provides that so much of the personnel, property, records, and unexpended appropriations available in connection with the functions transferred by this Act shall be transferred to the Department of Defense.