A bill to amend title 10 of the United States Code to provide severance pay for regular enlisted members of the U.S. Armed Services with 5 or more years of continuous active service, who are involuntarily released from active duty, and for other purposes.

States that a regular enlisted member of the armed services who has served at least 5 continuous years, but less than 20 years of active duty, and who is involuntarily separated or denied immediate reenlistment in one of the services shall be entitled to not more than $10,000 serverance pay.