This Act may be cited as the GI Bill Transferability Act.

(a) Eligibility Subsection (b) of section 3319 of title 38, United States Code, is amended by striking at least— and all that follows through the period at the end and inserting at least six years of service in the uniformed services. (b) Time for transfer Subsection (f)(1) of title 38, United States Code, is amended— (1) by striking or (l); and (2) by striking only while serving as a member of the Armed Forces when the transfer is executed and inserting at any time. (c) Conforming amendments Such section is amended— (1) in subsection (g)— (A) in paragraph (1), by striking at least — and all that follows through; or and inserting at least six years of service in the Armed Forces; or; and (B) in paragraph (2)(A), by striking at least — and all that follows through; or and inserting at least six years of service in the Armed Forces; and; (2) in subsection (i)— (A) by striking paragraph (2); and (B) by striking the following: (1) Joint and several liability; (3) in subsection (j)(2)— (A) in subparagraph (A), by striking the semicolon and inserting; and; (B) by striking subparagraph (B); and (C) by redesignating subparagraph (C) as subparagraph (B); (4) by striking subsection (k); and (5) by redesignating subsection (l) as subsection (k).