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S. Rept. 118-56 1 (2023-07-11)

handle is hein.congrecreports/crptxafnp0001 and id is 1 raw text is: AUTHENTICATED U.GOVERNMENT INFORMATION . Calendar No. 128 118TH CONGRESS REPORT 1st Session SENATE 118-56 ALASKA NATIVE CLAIMS SETTLEMENT ACT AMENDMENTS JULY 11, 2023.-Ordered to be printed Mr. MANCHIN, from the Committee on Energy and Natural Resources, submitted the following R E P O R T [To accompany S. 623] The Committee on Energy and Natural Resources, to which was referred the bill (S. 623), to amend the Alaska Native Claims Set- tlement Act to exclude certain payments to aged, blind, or disabled Alaska Natives or descendants of Alaska Natives from being used to determine eligibility for certain programs, and for other pur- poses, having considered the same, reports favorably thereon with- out amendment and recommends that the bill do pass. PURPOSE The purpose of S. 623 is to amend the Alaska Native Claims Set- tlement Act to exclude certain payments to a Native or descendant of a Native who is aged, blind, or disabled Alaska Natives or de- scendants of Alaska Natives from being used to determine eligi- bility for certain federal need-based benefit programs. BACKGROUND AND NEED Alaska Native Corporations established under the Alaska Native Claims Settlement Act (ANCSA; Public Law 92-203) have been au- thorized to establish settlement trusts since 1988. The purpose of these trusts is to provide durable support to Alaska Native bene- ficiaries. The authorized scope of these trusts was expanded in 2000, and section 13821 of the Tax Cuts and Jobs Act of 2017 (Pub- lic Law 115-77) further revised the tax treatment of these trusts. Alaska Native Corporations can distribute assets to settlement trusts to provide benefits consistent with the purposes for which 39-010