H.R.4694 - To amend the Claims Resolution Act of 2010 to authorize the Secretary of the Interior to contract with eligible Indian tribes to manage land buy-back programs, to require that certain amounts be deposited into interest bearing accounts, and for other purposes.113th Congress (2013-2014)
|Sponsor:||Rep. DeFazio, Peter A. [D-OR-4] (Introduced 05/21/2014)|
|Committees:||House - Natural Resources|
|Latest Action:||05/29/2014 Referred to the Subcommittee Indian and Alaska Native Affairs. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4694 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (05/21/2014)
Amends the Claims Resolution Act of 2010 to authorize the Secretary of the Interior (the Secretary) to enter into contracts under the Indian Self-Determination and Education Assistance Act with eligible Indian tribes to carry out activities under the Land Consolidation Program.
Requires the Secretary to invest the amounts remaining in the Trust Land Consolidation Fund into public debt securities with maturities suitable to the needs of the Fund.
Deems invested funds to have been used to conduct the Land Consolidation Program and for other costs associated with the Class Action Settlement Agreement.
Makes the Secretary responsible for ensuring that all payments are made to beneficiaries within one year.