To amend title 38, United States Code, to revise the effective date for payment of lump sums to persons awarded the Medal of Honor who are in receipt of special pension pursuant to section 1562 of such title, and for other purposes.

Revises the effective date for payment of lump sums to persons awarded the Medal of Honor who are in receipt of special pensions.

Requires payment of such lump sums to specified family members, in order of preference, if the person eligible for the payment is deceased or was awarded the Medal of Honor posthumously.