A bill to facilitate utilization by Alaska Native Regional Corporations of assignments of payments from the Alaska Native fund pursuant to the Alaska Native Claims Settlement Act.

Amends the Alaska Native Claims Settlement Act to authorize the Secretary of the Interior to recognize assignments made by Alaska Native Regional Corporations to receive payments from the Alaska Native Fund, provided that any such assignment reserves the right of the United States to assert any setoff and counterclaim against the assignees that it could assert against the assignor.