A bill to provide for the phased withdrawal of U.S. ground forces from the Republic of Korea.

Directs the President to develop a plan for the phased withdrawal of all United States ground forces from the Republic of Korea beginning no later than July 1, 1978, and ending before July 1, 1981, and to submit such plan to the Speaker of the House of Representatives and the President of the Senate. Authorizes the President to alter such plan under specified circumstances. Directs the President to report annually to the Speaker of the House and the President of the Senate regarding such withdrawal.