Siletz Restoration Act

Siletz Restoration Act - Terminates Federal supervision over the property and members of the Confederated Tribes of Siletz Indians of Oregon. Extends to the Siletz Indians Federal recognition as a sovereign Indian tribe. Restores to the Siletz Indians those Federal services and benefits furnished to federally recognized American tribes.

Declares that the membership roll of the tribe published in the Federal Register on July 12, 1956, is open. Directs the Secretary of the Interior to make current such roll including all persons entitled to be in the roll of July 12, 1956, but were not and any descendent of an enrollee who possesses at least one-fourth degree of Siletz Indian blood.

Establishes procedures for the election of a Siletz Interim Council which shall act as the interim tribal governing body until the election of tribal officers. Declares that such Council shall draft a constitution and by laws for the tribe to be voted on by those on the current membership roll.

States that within 120 days of the adoption of such constitution the Council shall conduct an election by secret ballot to determine those individuals who will serve as tribal officers as provided by the constitution.

Directs the Secretary to negotiate with the Siletz Interim Council to develop a plan for the assumption of land and other assets of the tribe and to submit such plan to Congress. Provides that if neither House of Congress has passed a resolution of disapproval within 60 days the Secretary shall accept such land and other assets of the tribe pursuant to such plan. Subjects all land and assets so transferred to any valid existing rights including any outstanding taxes, liens, mortgages or other obligations. Provides that such lands and assets are subject to foreclosure or sale pursuant to the terms of any valid existing obligation in accordance with the laws of Oregon. Declares that the land transferred shall be held in trust for the tribe and shall be their reservation. Exempts such transfers of land and other assets from all local, state and Federal taxation.

Authorizes the Secretary to make such rules and regulations as necessary to carry out the provisions of this Act.

Authorizes appropriations as may be necessary to carry out the provisions of this Act.