On the recordDecember 16, 2021
Madam President, I mentioned that I came to the floor to speak about a significant matter for Alaska. It is a significant milestone for my State. Just 2 days from now, on December 18, we will mark the 50th anniversary of the Alaska Native Claims Settlement Act being signed into law by President Nixon back in 1971. For those who are not familiar with Alaska's history, ANCSA, as we call it, is one of the foundational laws for my State. It settled aboriginal land names. It chartered hundreds of Alaska Native corporations to own lands and to empower their Alaska Native shareholders. Now, this structure is very unique. I think most of us think about a corporation and you think about an IBM or a General Electric, but an Alaska Native corporation and the shareholders who are part of them are very, very different from the corporate structure that most know. This approach that was arrived at with the Alaska Native Claims Settlement Act was new. It was a clear, clear departure from the reservation model in the lower 48. It ushered in a new level of economic self-determination through private land ownership. Alaska Native leaders took a look at the reservation system that was throughout other parts of America, and in most of them--not all, but most of them--decided on another path, saying: That is not the route that we would take. They wanted to manage their lands, manage their resources on their own terms, and to have greater economic prosperity and independence.…
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