For Immediate Release
June 23, 2010
Contact: Thom Wallace, Communications Director NCAI
twallace@ncai.org
“This settlement is pending before the Senate in the American Jobs and Closing Tax Loopholes Act, and we urge Congress to pass it immediately,” said NCAI President Jefferson Keel. “It is important for our country and for our Nation’s Indian people that we resolve the mismanagement of Indian trust funds.”
The Cobell settlement resolves the long running class action litigation over mismanagement of Indian trust funds. It also includes payment for resource mismanagement and funds for consolidation of fractionated lands. The case has been pending since 1996.
“The vote of the membership on this resolution strongly supported the settlement legislation, and I am glad that tribal leaders came to a position,” added President Keel. “There was a vigorous debate on the resolution that we knew would happen because of the historic injustices and suffering. We all know that the settlement is inadequate, but we must also find a way to heal the wounds and bring some measure of restitution,” he went on to say.