Section 1 Short title
This Act may be cited as the “American Land Act”.
American Land Act
A BILL
To direct the Secretary of the Interior and the Secretary of Agriculture to sell certain Federal land, to direct that the proceeds of such sales be applied to reduce the Federal budget deficit, and for other purposes.
Sec. 2 Authorization to sell land
Authorization— For each of fiscal years 2016 through 2021, subject to valid existing rights, the Secretary of the Interior or the Secretary of Agriculture, as the case may be, shall offer for competitive sale by auction to eligible entities all right, title, and interest, to the extent provided in subsection (b)(2), in and to the following:
Eight percent of the Federal land managed by the Bureau of Land Management.
Eight percent of the National Forest System land.
Terms and conditions—
Configuration of land— The Secretary concerned—
shall configure the land to be sold to maximize marketability or achieve management objectives; and
may prescribe such terms and conditions on the land sales authorized by this Act as the Secretary deems in the public interest.
Mineral rights— For each fiscal year, the Secretary concerned may include in the sale of land under subsection (a) the mineral rights to such land for not more than 50 percent of the total acreage sold under subsection (a) by that Secretary, if the Secretary determines that such inclusion is likely to maximize marketability.
Eligible entity— For the purposes of this Act, the term eligible entity means—
a citizen of the United States; or
a corporation or partnership created or organized in the United States or under the laws of the United States or of any State of the United States.
Sec. 3 Proceeds from the sale of land
All proceeds from the sale of land under this Act shall be deposited into the Highway Trust Fund.