The Alaska Native Claims Settlement Act (ANCSA) was signed into law by President Richard Nixon on December 18, 1971, constituting at the time the largest land claims settlement in United States history. ANCSA was intended to resolve long-standing issues surrounding aboriginal land claims in Alaska, as well as to stimulate economic development throughout Alaska. The settlement established Alaska Native claims to the land by transferring titles to twelve Alaska Native regional corporations and over 200 local village corporations. A thirteenth regional corporation was later created for Alaska Natives who no longer resided in Alaska. The act is codified as 43 U.S.C. 1601 et seq. Background When Alaska became a state in 1959, section 4 of the Alaska Statehood Act provided that any existing Alaska Native land claims would be unaffected by statehood and held in status quo. Yet while section 4 of the act preserved Native land claims until later settlement, section 6 allowed for the state government to claim lands deemed vacant. Section 6 granted the state of Alaska the right to select lands then in the hands of the federal government, with the exception of Native territory. As a result, nearly from the public domain would eventually be transferred to the state. The state government also attempted to acquire lands under section 6 of the Statehood Act that were subject to Native claims under section 4, and that were currently occupied and used by Alaska Natives. The federal Bureau of Land Management began to process the Alaska government's selections without taking into account the Native claims and without informing the affected Native groups. It was against this backdrop that the original language for a land claims settlement was developed. A 9.2-magnitude earthquake struck the state in 1964. Recovery efforts drew the attention of the federal government. The Federal Field Committee for Development Planning in Alaska decided that Natives should receive $100 million and 10% of revenue as a royalty. Nothing was done with this proposal, however, and a freeze on land transfers remained in effect. In 1966, Emil Notti called for a statewide meeting inviting numerous leaders around Alaska to gather and create the first meeting of a committee. The historic meeting was held October 18, 1966 - on the 99th anniversary of the transfer of Alaska from Russia. Notti presided over the three-day conference as it discussed matters of land recommendations, claims committee's, and political challenges the