HB3579: Tribal Trust Land Homeownership Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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, a federal agency overseeing Native American affairs, to process mortgage applications for homes and businesses on tribal land within set timeframes. Native Americans seeking to buy or build on tribal land currently face long delays in mortgage approval. The bill sets deadlines to speed up the process and reduce wait times for borrowers. It applies to mortgages on Indian land, which is land held in trust by the federal government for Native American tribes and individuals. The bill was introduced in Congress and is currently in the early stage of consideration.
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HB3579: Tribal Trust Land Homeownership Act of 2023
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Sponsors
Dusty Johnson
Primary SponsorCo-sponsors (3)
Tom Cole
Sharice Davids
Joseph Neguse