The U.S. government has settled a long-running lawsuit over royalties owed to American Indians. The Interior Department will distribute $1.4 billion to more than 300,000 tribe members to compensate them for historical accounting claims, and to resolve future claims. The department also will spend $2 billion to buy back and consolidate tribal land lost by previous generations. The program will allow individual tribe members to obtain cash payments for divided land interests and free up the land for the benefit of tribal communities.
Finally, the department will set aside $60 million in a Fund for American Indians wishing to pursue post-secondary vocational education or a higher education.
At the Fund, we could not be more thrilled. This means a chance for many more American Indian people to earn a higher education and brings hope for them for a better future.
To read details of the settlement visit Cobell v. Salazar.