A bill to amend title 38, United States Code, to provide the Veterans' Administration revolving supply fund with authority to base its charges for the direct cost of supplies and equipment on recent significant purchase prices and allow for retention and use of such charges in the operations of the revolving supply fund.

Allows Veterans' Administration revolving supply fund reimbursements to be based on the cost of recent significant purchases of the items involved. Directs the Administrator to return to the Treasury as miscellaneous receipts such amounts determined to be in excess of the requirements necessary for the effective financial management of such fund.