Exchanges roughly 231,000 acres of subsurface land owned by Chugach Alaska Corporation for about 65,374 acres of federal land in Alaska's Chugach Region.

• Directs the Interior Secretary to accept a Chugach Alaska offer of non-federal land within one year of enactment and convey federal land in return.
• Conveys about 65,374 acres of National Forest System, Bureau of Land Management, and National Park Service land to Chugach Alaska, subject to valid existing rights.
• Adds the acquired non-federal land to the adjacent federal units, to be managed under those units, and excludes up to 209 acres tied to village corporation development or shareholder homesites.
• Lets the Secretary and Chugach Alaska correct minor errors in maps and acreage by mutual agreement, with the map controlling any conflict.

• Natural Resources Committee (House)
• Indian and Insular Affairs Subcommittee

Native Americans