1. Short title This Act may be cited as the Lake Winnibigoshish Land Exchange Act of 2023 . 2. Definitions In this Act: (1) BWLT The term BWLT means Big Winnie Land and Timber, LLC, a Minnesota Limited Liability Corporation. (2) Map The term Map means the map entitled Proposed Land Exchange - Big Winnie Land and Timber LLC and Chippewa National Forest and dated January 4, 2023. (3) Federal land The term Federal land means the approximately 13.8 acres of Federal land in Itasca County, Minnesota, generally depicted as the Federal Parcel for Exchange on the Map. (4) Non-Federal land The term non-Federal land means the approximately 38 acres of non-Federal land in Itasca County, Minnesota, generally depicted as the Private Parcel for Exchange on the Map. (5) Secretary The term Secretary means the Secretary of Agriculture, acting through the Chief of the Forest Service. 3. Exchange of land (a) Exchange authorized Subject to the provisions of this Act, if BWLT offers to convey the non-Federal land to the United States, the Secretary shall, not later than 180 days after receiving the offer— (1) accept the offer; (2) convey to BWLT all right, title, and interest of the United States in and to the Federal land; and (3) accept from BWLT all right, title, and interest of BWLT in and to the non-Federal land. (b) Requirements The exchange under subsection (a) shall be— (1) subject to valid existing rights