A bill to amend title 38, United States Code, to authorize the assignment of pre-stabilization disability ratings to certain veterans for purposes of the payment of disability compensation, and for other purposes.

Directs the Secretary of Veterans Affairs, with respect to veterans who have been discharged from active-duty service for 365 days or less and for whom a permanent disability rating is not immediately assignable, to assign a pre-stabilization disability rating of: (1) 100%, for a veteran with a severe disability for whom substantially gainful employment is not feasible or advisable; and (2) 50%, for a veteran with a wound or injury for whom material impairment of employability is likely.

Terminates the pre-stabilization rating: (1) when a veteran receives a permanent disability rating based on the Department of Veterans Affairs (VA) schedule for rating disabilities; or (2) 365 days after the veteran's last separation or release from active duty. Allows the Secretary, when appropriate, to extend the pre-stabilization rating beyond such date.