; (b) A member described in this subsection is a member of the Army, Navy, Marine Corps, Air Force, or Space Force who is a member of— (1) the selected reserve who is entitled to compensation under section 206 of title 37; or (2) the individual ready reserve who is entitled to compensation under section 206 of title 37 when attending or participating in a sufficient number of periods of inactive-duty training during a year to count the year as a qualifying year of creditable service toward eligibility for retired pay. . (2) Clerical amendment The table of sections at the beginning of chapter 40 of such title is amended by inserting after the item relating to section 710 the following new item: 711. Parental leave for members of the reserve component of the armed forces. . (b) Compensation Section 206(a) of title 37, United States Code, is amended by amending paragraph (4) to read as follows: (4) for a regular period of instruction, period of appropriate duty, or such other equivalent training that a member would be required to perform but does not perform because such member was authorized to take parental leave pursuant to section 711 of title 10. . (c) Contribution of leave toward entitlement to retired pay Section 12732(a)(2)(G) of title 10, United States Code, is amended by striking 12 per period and all that follows through the end of the sentence and inserting the following: 1 per inactive-duty training period, under section 206 of title 37, during which the member is on parental leave under section 711 of this title. . (d) Credit for retired pay purposes Section 602(b) of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 ; 10 U.S.C. 12732 note) is amended— (1) in paragraph (1), by striking maternity leave and all that follows through birth of a child and inserting parental leave described in section 12732(a)(2)(G) of title 10, United States Code, taken by a member of the reserve components of the Armed Forces