A bill to amend section 1682A of title 38, United States Code, to eliminate the State matching requirement under such section in connection with the program of accelerated payment of educational assistance allowances provided for in such section.

Amends the GI Bill Improvement Act of 1977 to: (1) eliminate the requirement that States have a program of matching the Federal amounts of veterans' accelerated educational assistance payments in order for a veteran to receive such accelerated payments; (2) revise application filing deadlines for such accelerated payments; and (3) increase from 33 1/3 percent to 66 2/3 percent the maximum rate at which such accelerated payments may be reimbursed by the Federal Government.