II 

113TH CONGRESS 

2D SESSION S. 2387 

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. 

IN THE SENATE OF THE UNITED STATES 

MAY 22, 2014 

Mr. WALSH introduced the following bill; which was read twice and referred 

to the Committee on Finance 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. TRIBAL LAND BUY-BACK PROGRAMS. 

4 Section 101(e) of the Claims Resolution Act of 2010 

5 (Public Law 111–291; 124 Stat. 3067) is amended by 

6 adding at the end the following: 


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1 ‘‘(6) TRIBAL LAND BUY-BACK PROGRAMS.—The 

2 Secretary may enter into contracts under the Indian 

3 Self-Determination and Education Assistance Act 

4 (25 U.S.C. 450 et seq.) with any eligible Indian 

5 tribe to carry out activities related to that Indian 

6 tribe under the Land Consolidation Program.’’. 

7 SEC. 2. INTEREST BEARING ACCOUNT. 

8 Section 101(e)(1)(C) of the Claims Resolution Act of 

9 2010 (Public Law 111–291; 124 Stat. 3067) is amended 

10 by adding at the end the following: 

11 ‘‘(iii) INTEREST BEARING ACCOUNT.— 

12 ‘‘(I) IN GENERAL.—Not later 

13 than 90 days after the date of the en14 actment of this clause, the Secretary 

15 shall invest the amounts remaining in 

16 the Trust Land Consolidation Fund 

17 into public debt securities with matu18 rities suitable to the needs of that 

19 Fund, as determined by the Secretary 

20 of the Treasury, and bearing interest 

21 at rates determined by the Secretary 

22 of the Treasury, taking into consider23 ation current market yields on out24 standing marketable obligations of the 

25 United States of comparable maturity. 


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1 Once the amounts are invested pursu2 ant to this clause, the funds shall be 

3 deemed to have been used to conduct 

4 the Land Consolidation Program and 

5 for other costs associated with the 

6 Settlement for the purposes of sub7 paragraph (B). 

8 ‘‘(II) USE OF AMOUNTS EARNED

9 IN INTEREST.—Funds invested under 

10 this clause and interest on those funds 

11 shall be used for the purposes for 

12 which the Trust Land Consolidation 

13 Fund was established.’’. 

14 SEC. 3. TIMING OF PAYMENTS AND RESPONSIBILITY. 

15 Section 101(j)(3) of the Claims Resolution Act of 

16 2010 (Public Law 111–291; 124 Stat. 3069) is amend17 ed— 

18 (1) by striking ‘‘PAYMENTS’’ and inserting 

19 ‘‘PAYMENTS AND RESPONSIBILITY’’; 

20 (2) by striking ‘‘The payments’’ and inserting 

21 the following: 

22 ‘‘(A) IN GENERAL.—The payments’’; and 

23 (3) by adding at the end the following: 

24 ‘‘(B) RESPONSIBILITY AND COMPLETION

25 DATE.—The Secretary of the Interior shall reVerDate Mar 15 2010 21:43 Jun 02, 2014 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S2387.IS S2387

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1 main responsible for ensuring that all payments 

2 under this section are made to beneficiaries by 

3 not later than 1 year after the date of the en4 actment of this subparagraph.’’. 

Æ 


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