To provide for a fair and equitable resolution of claims relating to the work opportunity credit.

Requires the Secretary of the Treasury to issue regulations, not later than July 1, 2005, to provide for the settlement of certain previously-denied employer claims for the work opportunity tax credit which should have been granted consistent with Internal Revenue Service (IRS) Revenue Ruling 2003-112. Directs that such settlement: (1) be national in scope; (2) provide for a fair and equitable resolution of all claims; and (3) rely on statistical sampling on a national level.