To ratify an agreement between The Aleut Corporation and the United States of America to exchange land rights received under the Alaska Native Claims Settlement Act for certain land interests on Adak Island, and for other purposes.

Ratifies, confirms, and approves the "Agreement Concerning the Conveyance of Property at the Adak Naval Complex" executed by the Aleut Corporation and the Departments of the Interior and the Navy. Declares the provisions set forth in the Agreement to be obligations and commitments of the United States.

Provides that the Adak exchange lands shall be removed from the National Wildlife Refuge System (NWRS) and shall not be considered as part of the Alaska Maritime National Wildlife Refuge or subject to laws pertaining to lands within such Refuge.

Treats lands and interests exchanged and conveyed by the United States pursuant to this Act as conveyances under the Alaska Native Claims Settlement Act (ANCSA), except that receipt shall not constitute a sale or disposition of land or interests pursuant to such Act.

Authorizes the Secretary of the Interior to acquire any land conveyed to the Corporation under the Agreement and this Act. Includes acquired lands in the NWRS.

Deems, for purposes of the transfer of property authorized by this Act, Department of Navy personal property that remains on Adak Island to be related to the real property and requires such personal property to be conveyed by such Department to the Corporation when the related real property is conveyed.

Requires the Secretary to convey those lands identified in the Agreement as the former landfill sites to the Corporation without charge to its entitlement under ANCSA.

Provides that, upon conveyance to the Corporation of certain lands described in the Agreement, specified other lands will become unavailable for selection under ANCSA.