Tags: US | Black | Farmers | Indian | Money

Obama to Sign Historic Settlement to Black Farmers

Saturday, 04 Dec 2010 07:24 AM

 


WASHINGTON (AP) — Decades-old claims from African American farmers and native Americans that the government mistreated and swindled them out of billions of dollars can finally be settled starting Wednesday.

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.


© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved