The Alaska Native Settlement Trust Eligibility Act amends the Alaska Native Claims Settlement Act to modify how certain assets and distributions are considered for program eligibility. This legislation specifically excludes an interest in a Settlement Trust from being used to determine an individual's eligibility for various federal programs. Additionally, for a five-year period starting from the act's enactment, any distributions or benefits received from a Settlement Trust by an aged, blind, or disabled Alaska Native or descendant will also be excluded from eligibility calculations. This change aims to protect the eligibility of vulnerable Alaska Natives for critical assistance programs by preventing trust payments from being counted against them.