In 2006, the 109th Congress passed S.449 which amended ANCSA, and allowed for shares to be more easily issued to those who had missed the enrollment, or were born after the enrollment period[3] by reducing the requirement for voting from a majority of shareholders to a majority of attending shareholders at corporation meetings.
[7] In the late 1990s, the Afognak Native Corporation launched a government contracting business.
[8] Afognak Native Corporation entities also received NASA Small Business Contractor of the Year Award in 2013.
[10] The Afognak Native Corporation has approximately 900 shareholders and pays over $12 million in dividends annually.
[12] In the wake of the COVID-19 pandemic, the CARES Act set aside about $8 billion in funds for federally-recognized "tribal governments".
That led to the United States Supreme Court case, Yellen v. Confederated Tribes of the Chehalis Reservation, which was decided in June 2021 that under ISDA, the ANCs were federally-recognized "tribal governments" and thus qualified for CARES funds.