A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Incorporated, is recognized as a Village Corporation under that Act, and for other purposes.
A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Incorporated, is recognized as a Village Corporation under that Act, and for other purposes.
Plain Language Summary
# S 1468 Summary: Alexander Creek Village Corporation Recognition **What the Bill Does** This bill would officially recognize Alexander Creek, Incorporated as an Alaska Native village corporation under federal law. Currently, it operates as a group corporation. The bill requires the company to modify its state charter to become a village corporation and to negotiate a settlement agreement with the U.S. Department of the Interior regarding land claims and other claims against the federal government.
The settlement must be completed within 13 months of the bill becoming law. **Who It Affects** The bill primarily affects Alexander Creek, Incorporated and its members—Alaska Native shareholders who currently receive individual benefits as at-large shareholders of Cook Inlet Region, Incorporated. If passed, these shareholders would lose their individual benefits from the larger Cook Inlet corporation and would instead receive all future resource payments directly from Alexander Creek. **Current Status** The bill is currently in committee (S 1468, 119th Congress) and has not yet been voted on by the full Senate. It was introduced by Senator Dan Sullivan (R-AK).
CRS Official Summary
This bill recognizes Alexander Creek, Incorporated, as an Alaska Native village corporation, subject to certain conditions, and Alexander Creek village as an Alaska Native village. Alexander Creek, Incorporated, must submit to the Department of the Interior any amendments to its state corporate charter that are necessary to convert from a group corporation to a village corporation. The bill requires Interior to offer to enter into negotiations with Alexander Creek, Incorporated, to settle aboriginal land claims and any other claims against the United States. As a condition of recognition as a village corporation, Alexander Creek, Incorporated must enter into such an agreement with Interior no later than 13 months after this bill's enactment. Alexander Creek, Incorporated, must notify its members that (1) they will cease to receive benefits from Cook Inlet Region, Incorporated, individually as at-large shareholders, and (2) all future resource payments shall be retained by Alexander Creek, Incorporated.
Latest Action
Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.