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File #: 25-010    Version: 1 Name: CN USA TRUST SETTLEMENT INVESTMENT AUTHORIZATION ACT OF 2025
Type: Legislative Act Status: To Be Introduced
File created: 1/15/2025 In control: RULES COMMITTEE
On agenda: 1/30/2025 Final action:
Enactment date: Enactment #:
Title: THE CHEROKEE NATION USA TRUST SETTLEMENT INVESTMENT AUTHORIZATION ACT OF 2025
Sponsors: Kevin Easley Jr., Kendra McGeady, Sasha Blackfox-Qualls, Candessa Tehee, Lisa Hall, Joshua Sam, Joe Deere, Daryl Legg, Codey Poindexter, E. O. "JR." Smith, Dora Patzkowski
Indexes: TRUST SETTLEMENT
Code sections: ?? - Unknown
Related files: 17-135, 21-052
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Title
THE CHEROKEE NATION USA TRUST SETTLEMENT INVESTMENT AUTHORIZATION ACT OF 2025
Body
BE IT ENACTED BY THE CHEROKEE NATION:

Section 1. Title and Codification

This legislative act shall be titled and codified as the "Cherokee Nation USA Trust Settlement Investment Authorization Act of 2025" or alternative the "Cherokee Nation Justice Center Act of 2025."

Section 2. Purpose and Findings

A. Purpose: The purpose of this Act is to authorize spending and investment of certain funds transferred by the United States to Cherokee Nation in connection with pending trust accounting litigation between the United States and Cherokee Nation.

B. Findings: The Council finds that it previously authorized legal action by Cherokee Nation against the United States asserting various claims relating to the United States' failure to meet its trust accounting obligations to Cherokee Nation, resulting in litigation by the Cherokee Nation's Attorney General, including: Cherokee Nation v. United States Department of Interior, 1:19-CV-02154 (2019). On January 14, 2025, the Cherokee Nation Attorney General announced that the dispute reached a settlement on terms favorable to the Cherokee Nation. The net settlement amount to be realized by the Cherokee Nation is approximately $60,000,000. The Council finds that the Sovereign Wealth Fund Improvement Act of 2021 requires, absent legislative amendment thereof or legislative exception thereto, the deposit of one half of the proceeds of the aforementioned settlement into the Sovereign Wealth Fund. The Council finds that the exigent need to construct a Justice Center and district court facility to house Cherokee Nation's growing criminal and civil justice system was not fully identified by the Council when the Sovereign Wealth Fund Act was enacted in 2017 and amended in 2021, but the need for such a facility is now apparent due to dramatic changes in the scope of Cherokee Nation's criminal justice sy...

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