S.2387 - A bill 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:||Sen. Walsh, John E. [D-MT] (Introduced 05/22/2014)|
|Committees:||Senate - Finance|
|Latest Action:||05/22/2014 Read twice and referred to the Committee on Finance.|
This bill has the status Introduced
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Summary: S.2387 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (05/22/2014)
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 related to them 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 such Fund. Requires invested funds and the interest to be used for the purposes for which the Trust Land Consolidation Fund was established.
Makes the Secretary responsible for ensuring that all payments are made to beneficiaries within one year.