A bill to provide for the use and distribution of the Lake Superior and Mississippi Bands of Chippewa Indians judgment funds in Docket 18-S and the Lake Superior Band of Chippewa Indians judgment funds in Docket 18-U, before the Indians Claims Commission, and for other purposes.

Provides formulae for the distribution and use of judgment funds awarded to the Lake Superior and Mississippi Bands of Chippewa Indians in the State of Minnesota.

Directs the Secretary of the Interior to divide specified funds on the basis of the population and reservation community groups as reflected in certain census and annuity rolls.

Requires 20 percent of specified funds to be held in trust by the Secretary for the benefit of the respective bands of the Minnesota Chippewa Tribe, and requires such funds to be used pursuant to a plan developed by the respective reservation business committees.

Requires 80 percent of specified funds to be administered by the Secretary for per capita distribution according to specific guidelines.

Exempts the funds from: (1) State or Federal income taxes; and (2) being considered as income or resources regarding eligibility for assistance under Federal assistance programs (including the Social Security Act).