Grand Teton National Park Land Exchange Act

Grand Teton National Park Land Exchange Act - Directs the Secretary of the Interior: (1) to acquire specified State lands within the boundaries of Grand Teton National Park by donation, purchase, or exchange for specified Federal lands of equal value in Wyoming; and (2) if the Secretary or the Governor of the State of Wyoming determines that such Federal lands eligible for exchange are not sufficient or acceptable for the acquisition of all of the State lands, to identify other Federal lands or interests therein in Wyoming for possible exchange, and their estimated value, in a report to specified congressional committees. (Makes such other lands or interests unavailable for exchange unless authorized by an Act of Congress enacted after the submission of such report.)

Sets forth requirements for appraisal of the value of the eligible Federal lands and State lands. Requires the Secretary and the State to each pay one-half of the appraisal costs.

Requires the acquired lands to become part of the Park.

Authorizes appropriations.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov