POTENTIAL ACQUISITION OF PREVIOUSLY HARVESTED LANDS.

SEC. 501. POTENTIAL ACQUISITION OF PREVIOUSLY HARVESTED LANDS. (a) No later than one year after the date of enactment of this Act, the Secretary shall complete a study regarding the feasibility of acquiring private lands located within the boundary of the Tongass National Forest, which have been significantly harvested. Such study shall include, but not be limited to: (1) a description of such lands; (2) a status report regarding the ownership of such lands; (3) an assessment of the suitability of such lands for future timber management, including potential timber production; (4) an assessment of other present and future resource values associated with such lands; and (5) an estimate of the cost of acquiring such lands. (b) Upon completion of the study, the Secretary shall transmit it to the Committee on Energy and Natural Resources of the Senate and Committee on Interior and Insular Affairs of the House of Representatives.