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President Barack Obama is set to sign the bill authorizing payment of $4.6 billion to settle claims that arose in class-action lawsuits.The White House said the president would sign the Claims Resolution Act of 2010 and make remarks at the ceremony next week, but offered no further details.

The House passed the bill on Tuesday. The package would award some $3.4 billion to American Indians for royalties for resources like oil, gas and timber. Another $1.2 billion would go to African American farmers who claim they were unfairly denied federal loans and other assistance.

Source: EURweb.com

Obama Signs Law For Native Americans And Black Farmers  was originally published on wzakcleveland.com

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