[Congressional Record Volume 145, Number 76 (Tuesday, May 25, 1999)]
[Extensions of Remarks]
[Page E1073]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

[[Page E1073]]



   INTRODUCTION OF A BILL TO CLARIFY THE TAX TREATMENT OF SETTLEMENT 
 TRUSTS ESTABLISHED PURSUANT TO THE ALASKA NATIVE CLAIMS SETTLEMENT ACT

                                 ______
                                 

                             HON. DON YOUNG

                               of alaska

                    in the house of representatives

                         Tuesday, May 25, 1999

  Mr. YOUNG of Alaska. Mr. Speaker, today I am introducing a bill to 
clarify the tax treatment of Settlement Trusts authorized by the Alaska 
Native Claims Settlement Act. This legislation is very similar to a 
bill that I introduced with my colleagues, Congressmen George Miller 
and J.D. Hayworth, last Congress.
  The bill has been further improved from last Congress and a companion 
measure was introduced in the Senate recently. The bill's introduction 
in the House before the Memorial Day recess is aimed at expediting 
consideration of it in Congress and within the executive branch. Once 
the recess has ended, I am expecting that the original cosponsors from 
last year as well as additional cosponsors will reintroduce the 
legislation for consideration in the House.
  At the time the bill is reintroduced, those Members cosponsoring it 
and I will submit for our colleagues' information a detailed 
explanation of the bill along with background and history relating to 
it.

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