H.R.737: To correct an inequity in eligibility for military retired pay based on nonregular service in the case of certain members of the reserve components completing their reserve service before 1966.

Forgotten Veteran's Retirement Compensation Act - Limits the conditions under which military retired pay based on nonregular service involving members of reserve components completing their service before 1966 may be revoked. Provides for back payment of retired pay to such veterans or, if deceased, to their surviving spouses and dependent children.