  In principle, the complete spectrum and bound-state wave functions of a
quantum field theory can be determined by finding the eigenvalues and
eigensolutions of its light-cone Hamiltonian. One of the challenges in
obtaining nonperturbative solutions for gauge theories such as QCD using
light-cone Hamiltonian methods is to renormalize the theory while preserving
Lorentz symmetries and gauge invariance. For example, the truncation of the
light-cone Fock space leads to uncompensated ultraviolet divergences. We
present two methods for consistently regularizing light-cone-quantized gauge
theories in Feynman and light-cone gauges: (1) the introduction of a spectrum
of Pauli-Villars fields which produces a finite theory while preserving Lorentz
invariance; (2) the augmentation of the gauge-theory Lagrangian with higher
derivatives. In the latter case, which is applicable to light-cone gauge (A^+ =
0), the A^- component of the gauge field is maintained as an independent degree
of freedom rather than a constraint. Finite-mass Pauli-Villars regulators can
also be used to compensate for neglected higher Fock states. As a test case, we
apply these regularization procedures to an approximate nonperturbative
computation of the anomalous magnetic moment of the electron in QED as a first
attempt to meet Feynman's famous challenge.
