SB70: Tribal Trust Land Homeownership Act of 2023
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to require the Bureau of Indian Affairs to process and complete all mortgage packages associated with residential and business mortgages on Indian land by certain deadlines, and for other purposes.
Plain-language summary
This bill requires the Bureau of Indian Affairs to process and complete mortgage packages for homes and businesses on tribal land within set deadlines. Currently, getting mortgages on Indian land is slow because the federal government must approve them. The bill aims to speed up this process so Native Americans can more easily buy homes and start businesses on reservation land. The bill has passed one of Congress and now awaits action in the other.
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SB70: Tribal Trust Land Homeownership Act of 2023
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Sponsors
John Thune
Primary SponsorCo-sponsors (6)
Tina Smith
Mike Rounds
Jon Tester
Cynthia Lummis
Ben Lujan