A bill to amend chapter 5 of title 37, United States Code, to make permanent the special pay provisions for reenlistment and enlistment bonuses.

Makes permanent the special pay provisions for enlistment and reenlistment bonuses in the uniformed services. Stipulates that under regulations prescribed by the Secretary of Defense, or the Secretary of Transportation with respect to the Coast Guard the entitlement of an individual to such a bonus shall terminate when the individual is no longer technically qualified in the skill for which the bonus was given or fails to complete the term of enlistment, reenlistment or extension period for which the bonus was paid.