http://www.govtrack.us/congress/bill.xpd?bill=h111-5741To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defense and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes.
The above bill was introduced by the alleged tax cheat Mr. Rangel. It has no co-sponsors, so it probably is dead.
Three things of note: 1) If a Congresscritter is under major ethics investigation, should they be allowed to introduce legislation. 2) At the end of the proposed bill it changes the SSA from just male to both male and female. 3) IIRC wasn't one of Obama's platforms to end the wars? This seems to be indicating the opposite.