This bill modifies the treatment of reimbursed flight training expenses for tax deduction purposes and in relation to educational assistance benefits for veterans.

In taxable years before January 1, 1980, the determination of whether a deduction for flight training expenses is authorized as a trade or business expense must be made without regard to whether the taxpayer was reimbursed for any portion of such expenses by the Department of Veterans Affairs (VA).

The bill removes the requirement that an individual must possess a valid private pilot certificate and meet certain medical requirements to utilize VA educational assistance for flight training purposes.

The VA, the Department of Defense, and the Department of Labor must develop a national strategy for providing assistance to veterans in pursuing careers in aviation.