To relocate the drydock vessel EX-COMPETENT.

Requires the vessel EX-COMPETENT (also known as the AFDM-6) to be towed from its present location in Hawaii to a location specified by its transferee (a corporation that received such vessel as surplus Government property) within 12 months after funds are appropriated for such purpose. Allows the transferee to use the vessel as a drydock in Hawaii until such time. Ratifies and confirms the 2001 transfer of the vessel.

Reinstates the transferee to good standing and eligibility to participate in the General Service Administration's Federal Donation Program in Alaska.

Establishes in the Maritime Administration a five-year pilot project under which the transferee, using such vessel as appropriate, shall remove and dismantle up to 20 vessels of the National Defense Reserve Fleet on the U.S. Pacific coast.

Authorizes appropriations for an advance direct lump-sum payment to the transferee.