A phase control valve, which supplies a drive hydraulic pressure to an advance chamber or a retard chamber, is integrated with a drain switch valve, which controls opening and closing of an advance drain control valve and opening and closing of a retard drain control valve, to form a solenoid spool valve. The advance drain control valve is provided in an advance check valve bypass passage, which bypasses an advance check valve, and is driven by a pilot hydraulic pressure to open and close the advance check valve bypass passage. The retard drain control valve is provided in a retard check valve bypass passage, which bypasses a retard check valve, and is driven by a pilot hydraulic pressure to open and close the retard check valve bypass passage.