Transfers specific Tennessee Valley Authority (TVA)–managed lands and easements along Tellico Reservoir in Monroe County, Tennessee, into federal trust for the Eastern Band of Cherokee Indians. The lands will be used mainly for memorials, education about Cherokee history and culture, and recreation, with one support parcel allowed for buildings and services that support those purposes.

TVA keeps key reservoir and flooding rights, must approve certain water‑related facilities, and must complete environmental review and any needed cleanup before the lands are taken into trust. The United States is not liable for flooding-related actions. A permanent ban on Class II and Class III gaming applies to all lands covered by the Act.