A bill to amend part C of the Balanced Budget and Emergency Deficit Control Act of 1985 to exempt certain benefits payable from the Military Retirement Fund from sequestration or reduction under an order issued by the President under section 252 of such Act.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exempt from any sequestration or reduction order issued by the President under such Act certain specified veterans' disability and survivors' benefits payable from the Military Retirement Fund.