Cheyenne River Sioux Tribe Equitable Compensation Amendments Act of 2007

H.R. 487, the Cheyenne River Sioux Tribe Equitable Compensation Amendments Act of 2007, aims to provide additional financial compensation to individual tribal members whose land was taken by the federal government for the Oahe Dam and Reservoir project. The bill expands the existing tribal recovery trust fund to ensure that individual landowners and their heirs, rather than just the tribal government, are eligible for payments related to the loss of over 100,000 acres of land. Additionally, it streamlines the investment process for these funds and requires the Department of the Interior to assist the Tribe in identifying eligible heirs to ensure the compensation reaches the correct families. For affected citizens, accepting these payments would serve as a final settlement of all legal claims against the United States regarding the original land acquisition.