To amend title 32, United States Code, to rename the National Guard Challenge Program as the National Guard Youth Challenge Program, to increase the maximum Federal share of the costs of State programs under the National Youth Guard Challenge Program, and for other purposes.

Amends Federal provisions concerning the National Guard Challenge Program (a civilian youth opportunities program conducted by the Secretary of Defense) to: (1) provide a maximum Federal matching funds level of 65 percent of the costs of operating the State program during FY 2005, 70 percent during FY 2006, and 75 percent for FY 2007 and beyond; (2) authorize appropriations for the Program for FY 2005; and (3) rename it the National Guard Youth Challenge Program.