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S. 1495: ANCSA Fractional Shares Consolidation Act of 2017

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S. 1495: ANCSA Fractional Shares Consolidation Act of 2017

115th Congress · introduced 2017-06-29 · Native Americans · Latest: Read twice and referred to the Committee on Energy and Natural Resources.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-06-29 · official record
  2. Who proposed it: Sen. Murkowski, Lisa [R-AK] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Energy and Natural Resources. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

ANCSA Fractional Shares Consolidation Act of 2017

Plain summary

ANCSA Fractional Shares Consolidation Act of 2017 This bill amends the Alaska Native Claims Settlement Act to allow Alaska Native regional corporations to issue a full share of any class of stock, for no consideration, in exchange for a fractional share of the same class of stock, held by any shareholder, as long as the corporation exchanges all fractional shares of a class of stock for full shares at the same time. After converting fractional shares of stock to full shares, a corporation may adopt a policy that provides for the elimination of fractional shares.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

ANCSA Fractional Shares Consolidation Act of 2017

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Murkowski, Lisa [R-AK] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Dan Sullivan (R-AK)

Sponsor's campaign money: Sen. Murkowski, Lisa [R-AK] reported raising $1.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-s1495 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115