Drug Seizure Accountability Act of 1997

Drug Seizure Accountability Act of 1997 - Amends the Federal criminal code to set penalties of up to 15 years' imprisonment, a fine, or both for theft under color of law. Specifies that if the stolen property is a controlled substance, the penalty shall be the same as for the offense of possessing such substance under the Controlled Substances Act.

Requires: (1) each law enforcement authority in the United States to make and maintain records of controlled substances that come into their possession during the course of law enforcement activities; and (2) the Attorney General to include in the annual report to the Congress information regarding the types and amounts of controlled substances for which such records have been made during the period covered by the report.