A bill to amend title 38 of the United States Code to increase the monthly pension of Congressional Medal of Honor holders to $400, and to provide a similar pension to widows of individuals who were awarded such medal posthumously.

Authorizes an increase to $400 (presently $100) in the monthly pension paid to veterans who are Congressional Medal of Honor holders. Authorizes a similar pension, in the same amount to widows of individuals who were awarded such medal posthumously.

Provides that this Act shall take effect July 4, 1975. (Amends 38 U.S.C. 562; adds 38 U.S.C. 563)