A bill to terminate any phosphate leases issued pursuant to the Mineral Leasing Act of February 25, 1920, as amended, and rights to such leases within the Osceola National Forest and to direct the Secretary of the Interior to take action with respect to the same.

Provides for the termination of any phosphate leases issued pursuant to the Mineral Leasing Act and rights to such leases within the Osceola National Forest in Florida.

Permits the holder of any lease or right to a lease terminated pursuant to this Act to bring an action against the United States to recover just compensation.

Authorizes to be appropriated such sums as are necessary to carry out the provisions of this Act.