Bartlett Montgomery GI Bill Act - Amends the Montgomery GI Bill educational assistance program to allow an individual who has completed six years of service in the Armed Forces and enters into an agreement to serve at least four more years to transfer their educational assistance entitlement to their spouse, child, or a combination thereof.
Directs the Secretary of Veterans Affairs to provide a percentage annual increase in the rates of such educational assistance based on the average monthly costs of higher education.
Authorizes reimbursement of reductions in basic pay for educational assistance coverage in the case of extended active-duty service.
Provides similar eligibility for the transfer of educational assistance for members of the Selected Reserve who have completed at least six years of service and enter into an agreement to remain a member of such Reserve for at least four more years.
Provides educational assistance eligibility credit for cumulative active-duty service in the Selected Reserve.
Increases the rates of educational assistance under the Reserve Montgomery GI Bill.
Applies an annual adjustment to the rates of survivors' and dependents' educational assistance.