```

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 25 Enrolled Bill (ENR)]

        S.25

                     One Hundred Thirteenth Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Friday,
           the third day of January, two thousand and fourteen

                                 An Act

 
   To ensure that the reduced annual cost-of-living adjustment to the 
retired pay of members and former members of the Armed Forces under the 
 age of 62 required by the Bipartisan Budget Act of 2013 will not apply 
 to members or former members who first became members prior to January 
                    1, 2014, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. EXTENSION OF DIRECT SPENDING REDUCTION FOR FISCAL YEAR 2024.
    Paragraph (6)(B) of section 251A of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (2 U.S.C. 901a) is amended by 
striking ``and for fiscal year 2023'' and by inserting ``, for fiscal 
year 2023, and for fiscal year 2024''.
SEC. 2. INAPPLICABILITY OF REDUCED ANNUAL ADJUSTMENT OF RETIRED PAY FOR 
MEMBERS OF THE ARMED FORCES UNDER THE AGE OF 62 UNDER THE BIPARTISAN 
BUDGET ACT OF 2013 WHO FIRST BECAME MEMBERS PRIOR TO JANUARY 1, 2014.
    (a) In General.--Section 1401a(b)(4) of title 10, United States 
Code, as added by section 403(a) of the Bipartisan Budget Act of 2013 
(Public Law 113-67) and amended by section 10001 of the Department of 
Defense Appropriations Act, 2014 (Public Law 113-76), is amended by 
adding at the end the following new subparagraph:
            ``(G) Members covered.--This paragraph applies to a member 
        or former member of an armed force who first became a member of 
        a uniformed service on or after January 1, 2014.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on December 1, 2015, immediately after the coming into 
effect of section 403 of the Bipartisan Budget Act of 2013 and the 
amendments made by that section.
SEC. 3. TRANSITIONAL FUND FOR SUSTAINABLE GROWTH RATE (SGR) REFORM.
    Section 1898 of the Social Security Act (42 U.S.C. 1395iii) is 
amended--
        (1) by amending the heading to read as follows: ``transitional 
    fund for sustainable growth rate (sgr) reform'';
        (2) by amending subsection (a) to read as follows:
    ``(a) Establishment.--The Secretary shall establish under this 
title a Transitional Fund for Sustainable Growth Rate (SGR) Reform (in 
this section referred to as the `Fund') which shall be available to the 
Secretary to provide funds to pay for physicians' services under part B 
to supplement the conversion factor under section 1848(d) for 2017 if 
the conversion factor for 2017 is less than conversion factor for 
2013.'';
        (3) in subsection (b)(1), by striking ``during--'' and all that 
    follows and inserting ``during or after 2017, $2,300,000,000.''; 
    and
        (4) in subsection (b)(2), by striking ``from the Federal'' and 
    all that follows and inserting ``from the Federal Supplementary 
    Medical Insurance Trust Fund.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
```