An Act to provide for the use or distribution of funds appropriated in satisfaction of certain judgments of the Indian Claims Commission and the Court of Claims, and for other purposes.

(LATEST SUMMARY)

Provides that all distributions of funds appropriated by the Congress to pay in favor of Indian tribes, bands, groups, pueblos, or communities judgments of the Indian Claims Commission and of the Court of Claims shall be made pursuant to this Act. States that, within six months after the vote of the appropriation of funds by the Congress to pay each Indian judgment, unless an extension is granted, the Secretary of the Interior shall prepare and submit to the Congress a recommended plan for the distribution of such funds.

Directs the Secretary to prepare a plan which shall best serve the interests of all those individuals entitled to receive the funds. Provides guidelines for the Secretary to assure that the interests of the claimants are explored and protected.

Provides for the Congressional review of the Secretary's plan, and authorizes the Secretary to promulgate regulations under this Act.

Stipulates that none of the funds distributed per capita under this Act shall be subject to Federal or State income taxes.