AI-assisted analysis based on the official CRS summary. Source version: Feb 10, 2026. Analysis updated: Sep 18, 2026.
01 — The Text
What.
- Authorizes a land exchange between the Chugach Alaska Corporation (an Alaska Native regional corporation) and the federal Department of the Interior
- Chugach must offer approximately 231,000 acres of subsurface estate rights within one year of enactment
- Interior must accept the offer and convey approximately 65,374 acres of fee simple land in the Chugach region (Kenai Peninsula and Prince William Sound areas)
- Chugach must exclude from its conveyance lands where village corporations retained development rights or designated shareholder homesites, not exceeding 209 acres total
02 — The Stakes
So what?
- The bill requires the land exchange to occur only if Chugach initiates the offer within one year; Interior's acceptance obligation is conditional on this offer
- The official summary does not document effects on oil spill recovery, environmental conditions, or other outcomes despite the bill title
- The official summary does not specify the timing for Interior's conveyance or other implementation details
03 — The Path
Now what?
- September 17, 2026: Senate Energy and Natural Resources Committee reported the bill with a substitute amendment; placed on Senate Legislative Calendar (Calendar No. 636)
- December 17, 2025: Committee ordered the bill reported with a substitute amendment favorably
- December 2, 2025: Subcommittee on Public Lands, Forests, and Mining held hearings (printed as S.Hrg. 119-237)
- June 10, 2025: Bill introduced in Senate and referred to Energy and Natural Resources Committee
Legislative History
Actions.
- Sep 17, 2026 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 636.
- Sep 17, 2026 — Committee on Energy and Natural Resources. Reported by Senator Lee with an amendment in the nature of a substitute. Without written report.
- Dec 17, 2025 — Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Dec 2, 2025 — Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held. With printed Hearing: S.Hrg. 119-237.
- Jun 10, 2025 — Read twice and referred to the Committee on Energy and Natural Resources.
- Jun 10, 2025 — Introduced in Senate