This bill requires the Secretary of Defense to create a centralized Military Training and Competency Database that records detailed information about military training, certifications, and qualifications for all active duty and former service members. The database would include each member's name, rank, branch of service, and completed training courses, and would be made available to states and civilian employers to help verify whether military training satisfies civilian licensing and certification requirements. Service members would receive a standardized competency report upon separation or retirement that documents their training and qualifications in a format they can use for civilian employment purposes. The Department of Defense must establish the necessary regulations and procedures within one year of the law's enactment and submit a report to Congress two years later on how well the database is working and recommendations for improvements. The bill does not specify funding amounts but directs the Pentagon to allocate sufficient resources to establish, maintain, and operate the database effectively.