This legislation, titled the "Unrecognized Southeast Alaska Native Communities Recognition and Compensation Act," seeks to redress the historical omission of five specific Southeast Alaska Native communities from the original Alaska Native Claims Settlement Act (ANCSA). Its primary purpose is to authorize the Native residents of Haines, Ketchikan, Petersburg, Tenakee, and Wrangell to form Urban Corporations under ANCSA. These newly recognized corporations will then be eligible to receive certain settlement land as compensation. The bill amends ANCSA to explicitly allow the Native residents of these five communities to organize as Urban Corporations, clarifying that this does not impact existing Native Corporation land entitlements. The Secretary is directed to enroll individual Natives from these communities into their respective Urban Corporations. Each enrolled Native who was also a shareholder of the Regional Corporation for Southeast Alaska will receive 100 shares of Settlement Common Stock in their Urban Corporation, with provisions also made for inherited shares. A central provision of the Act is the authorization for the Secretary to convey the surface estate of approximately 23,040 acres of Federal land to each of the five Urban Corporations. Concurrently, the subsurface estate for this land will be conveyed to the Regional Corporation for Southeast Alaska. These conveyances are considered the full and final satisfaction of the communities' entitlement under ANCSA, with specific acreage ranges and adjustment mechanisms. The land is withdrawn from public land and mining laws until conveyed and is subject to public easements. The conveyed lands will remain open for subsistence uses and noncommercial recreational activities by the public, subject to reasonable restrictions imposed by the Urban Corporations. The bill also mandates the termination of existing Forest Service guiding and outfitting special use authorizations on conveyed land, requiring Urban Corporations to issue new ones. Furthermore, it directs the Secretary of Agriculture to pursue binding mutual use agreements for roads and transportation facilities between the Forest Service and the Urban Corporations. Finally, each Urban Corporation is authorized to establish a settlement trust to promote the health, education, and welfare of its beneficiaries and preserve Native heritage, prioritizing elders and minor children.