A bill to amend title 38, United States Code, to establish a Court of Veterans' Appeals and to prescribe its jurisdiction and functions.

Establishes a Court of Veterans' Appeals with exclusive jurisdiction to review decisions of the Board or Veterans' Appeals pertaining to service-connected disability or death; or whether a widow, child, or parent is entitled to benefits. Provides that, except in the case of the discovery of new and material evidence, all decisions of the Court are final.

Gives the Court subpena power, authority to appoint commissioners and clerical employees, and the right to allow attorney fees and charge court fees.

Sets the membership of the Court at five judges through 1970 and three judges thereafter. Provides for the President to appoint the judges with the advice and consent of the Senate for 10-year terms on a staggered basis.