A bill to eliminate the new eligibility requirements for receipt of unemployment compensation by ex-service members which were added by the Omnibus Budget Reconciliation Act of 1981 and to provide certain limitations on the amount of unemployment compensation payable to ex-service members.

Allows individuals who voluntarily leave military service to receive unemployment compensation based on such service.

Increases from 365 to 730 days the length of continuous military service needed to qualify as employment for purposes of unemployment compensation.

Delays an ex-service member's entitlement until the fifth week after discharge or release from the service. Limits an ex-service member's total entitlement to no more than 13 weeks of benefits.