MODIFICATION OF CERTAIN AUTHORITIES APPLICABLE TO THE TARGETED SHAPING OF THE ARMED FORCES.

SEC. 623. MODIFICATION OF CERTAIN AUTHORITIES APPLICABLE TO THE TARGETED SHAPING OF THE ARMED FORCES.(a) Voluntary Separation Pay and Benefits.—(1) Increase in maximum amount of pay.—Subsection (f) of section 1175a of title 10, United States Code, is amended by striking “two times” and inserting “four times”.(2) Extension of authority.—Subsection (k)(1) of such section is amended by striking “December 31, 2008” and inserting “December 31, 2012”.(3) Repeal of limitation on applicability.—Subsection (b) of section 643 of the National Defense Authorization Act for Fiscal Year 2006 (Public Law 109–163; 119 Stat. 3310; 10 U.S.C. 1175a note) is repealed.(b) Enhanced Authority for Early Discharges.—(1) Renewal of authority.—Subsection (a) of section 638a of title 10, United States Code, is amended by inserting “and for the purpose of subsection (b)(4) during the period beginning on October 1, 2006, and ending on December 31, 2012,” after “December 31, 2001,”.(2) Relaxation of limitation on selective early discharge.—Subsection (d)(2) of such section is amended—120 STAT. 2257(A) in subparagraph (A), by inserting before the semicolon the following: “, except that during the period beginning on October 1, 2006, and ending on December 31, 2012, such number may be more than 30 percent of the officers considered in each competitive category, but may not be more than 30 percent of the number of officers considered in each grade”; and(B) in subparagraph (B), by inserting before the period the following: “, except that during the period beginning on October 1, 2006, and ending on December 31, 2012, such number may be more than 30 percent of the officers considered in each competitive category, but may not be more than 30 percent of the number of officers considered in each grade”.