Waives any FY 2004 military pay increases tied to increases in the General Schedule of Compensation for Government employees. Increases by ten percent, effective January 1, 2004, the rates of basic pay for military personnel.
Requires the payment of a one-time bonus of $1,500 to each active-duty and reserve member of the Army, Navy, Air Force, Marine Corps, or Coast Guard who served or serves for any period of time in a combat zone designated in connection with Operations Iraqi Freedom or Enduring Freedom.