A bill to amend certain laws affecting the Coast Guard.

Revises specified functions and powers of the Coast Guard and laws relating thereto.

Declares that moneys appropriated for necessary expenses for the operation of the Coast Guard shall be available for investigative expenses of a confidential character, to be expended on the approval or authority of the Commandant and payment to be made on his certificate of necessity for confidential purposes, and his determination shall be final and conclusive upon the accounting officers of the Government.

Permits the enlistment of Reserve members without interruption of full-time schooling in which they are engaged, by providing that the four-month initial period of active duty for training requirement may be divided into two successive annual periods of not less than two months each.