Indian Country Economic Revitalization Act of 2014

Summary: Indian Country Economic Revitalization Act of 2014 - Amends the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to direct the Secretary of Commerce, within one year of this Act's enactment and every three years thereafter, to submit a report and recommendations for promoting the sustained growth of the economies of Indian tribes and lands. Requires each report to include:  data on Indian business development and employment during the preceding 3-year period, except for the first report which is to include data from the preceding 10 years; an assessment of existing structural advantages and barriers to the economic development of Indian tribes and lands; an analysis of Indian access to adequate infrastructure, affordable energy, educational opportunities, and investment capital; and recommendations on legislation to strengthen the economies of Indian tribes and lands in areas that include regulatory, tax, and trust reform.  Directs the Secretary to consider appropriate information contained in previous studies and reports in conducting this Act's studies.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Indian Country Economic 
Revitalization Act of 2014''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) In 2000, the Native American Business Development, 
        Trade Promotion, and Tourism Act (Public Law 106-464; 25 U.S.C. 
        4301 et seq.) identified the need for the Federal Government to 
        promote long-range economic development of Indian lands.
            (2) This law established within the Department of Commerce 
        an office to coordinate Federal programs related to Indian 
        economic development, promote the international trade and 
        export of Indian goods and services, and conduct intertribal 
        tourism demonstration projects.
            (3) To have additional impact, this law should be amended 
        to expand Federal support for the economic development of 
        Indian tribes and Indian lands.
            (4) Recent fiscal priorities of the Federal Government have 
        negatively impacted Indian tribes as well as others due to 
        their dependence upon Federal funds.
            (5) The Federal Government has a trust responsibility to 
        Indian tribes and should support tribal-owned enterprises and 
        Indian-owned businesses by preparing recommendations for 
        Congress on improved statutory measures that support the 
        development of sustainable tribal economies.

SEC. 3. REPORT AND RECOMMENDATIONS TO CONGRESS ON TRIBAL ECONOMIC 
              DEVELOPMENT.

    The Native American Business Development, Trade Promotion, and 
Tourism Act of 2000 (Public Law 106-464; 25 U.S.C. 4301 et seq.) is 
amended--
            (1) by redesignating section 8 as section 9; and
            (2) by inserting after section 7 the following new section:

``SEC. 8. REPORT AND RECOMMENDATIONS TO CONGRESS ON TRIBAL ECONOMIC 
              DEVELOPMENT.

    ``(a) Reporting Requirement.--Not later than 1 year after the date 
of the enactment of the Indian Country Economic Revitalization Act of 
2014, and every 3 years thereafter, the Secretary of Commerce shall 
prepare and submit to the Committee on Natural Resources of the House 
of Representatives and the Committee on Indian Affairs of the Senate a 
report and recommendations for promoting the sustained growth of the 
economies of Indian tribes and Indian lands. In conducting the reports 
under this section, the Secretary of Commerce shall consult with--
            ``(1) the Secretary of the Treasury;
            ``(2) the Secretary of the Interior;
            ``(3) the Secretary of Agriculture;
            ``(4) the Administrator of the Small Business 
        Administration;
            ``(5) the Board of Governors of the Federal Reserve System;
            ``(6) the heads of other Federal agencies as determined by 
        the Secretary of Commerce;
            ``(7) the White House Council on Native American Affairs; 
        and
            ``(8) Indian tribes.
    ``(b) Contents of Report.--Each report prepared under subsection 
(a) shall include the following:
            ``(1) Data on Indian business development and employment 
        during the 3-year period immediately preceding the date of the 
        submission of the report, except that the first such report 
        shall include data for the 10-year period immediately preceding 
        the date of the submission of such report. Such data shall 
        include, at a minimum--
                    ``(A) data from each decennial census conducted by 
                the Bureau of the Census for the period covered by the 
                report; and
                    ``(B) relevant data voluntarily provided by Indian 
                tribes, Indian-owned businesses, and other tribal 
                business entities.
            ``(2) An assessment of existing structural advantages and 
        barriers to the economic development of Indian tribes and 
        Indian lands, including an analysis of the economic effect on 
        Indian tribes and Indian lands of the following:
                    ``(A) Federal judicial decisions and administrative 
                actions authorizing the application of laws of general 
                applicability to economic development activities 
                occurring on Indian lands, in places with respect to 
                which Congress has not expressly authorized such 
                application.
                    ``(B) Federal judicial decisions and actions by the 
                Internal Revenue Service authorizing the taxation of 
                Indian income and economic development activities 
                within Indian lands in places with respect to which 
                Federal law does not expressly authorize such taxation.
                    ``(C) Tax incentives in the Internal Revenue Code 
                of 1986, including wage credits, accelerated 
                depreciation deductions, tax-exempt bonds, and new 
                market tax credits, including an assessment of how 
                additional new tax incentives such as tribal 
                empowerment zones may impact tribal economic 
                development.
                    ``(D) Such other related factors that provide an 
                advantage or barrier to economic development on Indian 
                lands.
            ``(3) Analysis of Indian access to adequate infrastructure, 
        affordable energy, educational opportunities, and investment 
        capital.
            ``(4) Recommendations to Congress on legislation to 
        strengthen the economies of Indian tribes and Indian lands in 
        areas that include--
                    ``(A) regulatory, tax, and trust reform; and
                    ``(B) other related areas that promote the findings 
                and purposes provided in section 2.
    ``(c) Use of Previous Studies.--In conducting the studies under 
this section, the Secretary of Commerce shall consider any appropriate 
information contained in previous studies and reports, such as the 
following:
            ``(1) The American Indian Policy Review Commission Final 
        Report, dated May 17, 1977.
            ``(2) The Report and Recommendations of the Presidential 
        Commission on Indian Reservation Economies, dated November 
        1984.
            ``(3) The Native American Economic Policy Report: 
        Developing Tribal Economies to Create Healthy, Sustainable, and 
        Culturally Vibrant Communities, dated 2007.
            ``(4) The report titled `Growing Economies in Indian 
        Country: Taking Stock of Progress and Partnerships', dated 
        April 2012.''.