Cobell trust fund settlement a part of jobs and tax measure
The $3.4 billion settlement to the Indian trust fund lawsuit has been included in the American Jobs and Closing Tax Loopholes Act, a bill that is expected to pass to Congress in the coming weeks.

The settlement is authorized by Section 607 of the bill. It provides $1.412 billion in payments to individual Indians and creates a $2 billion land consolidation program.

Votes could come in the House and the Senate before the end of the week. That means Congress might meet a May 28 deadline imposed by Judge James Robertson

The American Jobs and Closing Tax Loopholes Act has been introduced as an amendment to H.R. 4213, a bill that previously passed the House and the Senate. It includes a number of tax credits for Indian Country.

Get the Story:
Indian suit moving closer to settlement (The Great Falls Tribune 5/22)
Blackfeet woman sees end to 14-year govt fight (AP 5/22)

American Jobs and Closing Tax Loopholes Act:
Press Release: Baucus, Levin To Release Joint Legislation To Create Jobs, Extend Tax Cuts for Families and Businesses, Support Americans Looking for Work | Background and More Information

Cobell Settlement Documents:
Agreement | Press Release | Q&A | Audio

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Statement by Rep. Rahall on Cobell settlement (12/8)
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'Major' announcement on Indian trust management (12/8)

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