The White House Office of Management and Budget issued a statement of administration policy in support of a bill that includes the $3.4 billion settlement to the Indian trust fund lawsuit.

The Obama administration "strongly supports" passage of American Jobs and Closing Tax Loopholes Act, according to the statement. Section 607 authorizes $1.412 billion in payments to individual Indians and creates a $2 billion land consolidation program.

"The administration applauds the Congress for including provisions in the bill to fulfill the obligations set forth in the Cobell and Pigford II settlement agreements," the White House said. "The settlements that have been achieved are historic and provide full and final resolution to two long-running disputes – a case involving the management of individual Indian trust accounts related to Indian lands and claims of prior discrimination brought by black farmers against the Department of Agriculture."

Votes are expected on the bill this week.

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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