H.R. 5167, To direct the Administrator of General Services, on behalf of the Secretary of the Interior, to convey certain Federal property located in the National Petroleum Reserve in Alaska to the Olgoonik Corporation, an Alaska Native Corporation established under the Alaska Native Claims Settlement Act

H.R. 5167

To direct the Administrator of General Services, on behalf of the Secretary of the Interior, to convey certain Federal property located in the National Petroleum Reserve in Alaska to the Olgoonik Corporation, an Alaska Native Corporation established under the Alaska Native Claims Settlement Act

Date
November 13, 2014 (113th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

On Thursday, November 13, 2014, the House will consider H.R. 5167, a bill to direct the Administrator of General Services, on behalf of the Secretary of the Interior, to convey certain Federal property located in the National Petroleum Reserve in Alaska to the Olgoonik Corporation, an Alaska Native Corporation established under the Alaska Native Claims Settlement Act, under suspension of the rules.  H.R. 5167 was introduced on July 22, 2014 by Rep. Don Young (R-AK) and was referred to the House Natural Resources Committee.  The bill was marked up on September 18, 2014 and was ordered reported, as amended, by unanimous consent.

Bill Summary

H.R. 5167 directs the federal government to sell approximately 1,518 acres located in the National Petroleum Reserve in Alaska to the Olgoonik Corporation.  “The corporation was established to administer land and financial assets awarded to certain Alaska Natives in settlements with the federal government.”[1]  The bill requires the Corporation to pay fair market value for the property.

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[1] CBO Cost Estimate: H.R. 5167, A bill to direct the Secretary of the Interior to convey certain federal property located in the National Petroleum Reserve in Alaska to the Olgoonik Corporation, an Alaska Native Corporation established under the Alaska Native Claims Settlement Act (Oct. 9, 2014).

Cost

According to CBO estimates, implementing H.R. 5167 would increase offsetting receipts, which are treated as reductions in direct spending, by $1 million in 2015.  The bill would not affect revenues.

Additional Information

For questions or further information contact the GOP Conference at 5-5107.