A bill to amend title 38, United States Code, to extend and improve certain authorities of the Secretary of Veterans Affairs, and for other purposes.

Sets $19 million as the maximum amount per fiscal year for reimbursement to states and local agencies administering veterans' education benefits.

Extends through FY2007 a pilot program of on-job training for veterans' claims adjudicators.

Authorizes the Secretary of Veterans Affairs to waive, for public interest purposes on a case-by-case basis, the residency requirement for a Director for Veterans' Employment and Training.

Includes veterans of the Global War on Terror within an ongoing veterans' unemployment study.

Amends the Veterans Benefits Improvement Act of 2004 to extend through 2009 an increase in benefits for veterans pursuing apprenticeships or on-job training.