U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 

For sale by the Superintendent of Documents, U.S. Government Printing Office

Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800

Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001

87–132 PDF 2014

S. HRG. 113–213

NOMINATION OF VINCENT G. LOGAN TO BE

SPECIAL TRUSTEE, OFFICE OF SPECIAL

TRUSTEE FOR AMERICAN INDIANS,

DEPARTMENT OF THE INTERIOR

HEARING

BEFORE THE

COMMITTEE ON INDIAN AFFAIRS 

UNITED STATES SENATE

ONE HUNDRED THIRTEENTH CONGRESS

FIRST SESSION

DECEMBER 11, 2013

Printed for the use of the Committee on Indian Affairs

(

(II)

COMMITTEE ON INDIAN AFFAIRS 

MARIA CANTWELL, Washington, Chairwoman 

JOHN BARRASSO, Wyoming, Vice Chairman 

TIM JOHNSON, South Dakota 

JON TESTER, Montana 

TOM UDALL, New Mexico 

AL FRANKEN, Minnesota 

MARK BEGICH, Alaska 

BRIAN SCHATZ, Hawaii 

HEIDI HEITKAMP, North Dakota 

JOHN MCCAIN, Arizona 

LISA MURKOWSKI, Alaska 

JOHN HOEVEN, North Dakota 

MIKE CRAPO, Idaho 

DEB FISCHER, Nebraska 

MARY J. PAVEL, Majority Staff Director and Chief Counsel 

RHONDA HARJO, Minority Deputy Chief Counsel 

(III)

C O N T E N T S 

Page 

Hearing held on December 11, 2013 ...................................................................... 1

Statement of Senator Barrasso ............................................................................... 4 

Statement of Senator Cantwell .............................................................................. 1

Statement of Senator Tester ................................................................................... 27

WITNESSES

Bighorse, Hon. Scott, Assistant Principal Chief, Osage Nation .......................... 2

Prepared statement .......................................................................................... 3

Logan, Vincent G., Nominee to be Special Trustee, Office of Special Trustee 

for American Indians, U.S. Department of the Interior ................................... 4

Prepared statement .......................................................................................... 6

Biographical information ................................................................................. 10

(1)

NOMINATION OF VINCENT G. LOGAN TO BE 

SPECIAL TRUSTEE, OFFICE OF SPECIAL

TRUSTEE FOR AMERICAN INDIANS,

DEPARTMENT OF THE INTERIOR 

WEDNESDAY, DECEMBER 11, 2013

U.S. SENATE, 

COMMITTEE ON INDIAN AFFAIRS, 

Washington, DC. 

The Committee met, pursuant to notice, at 2:00 p.m. in room 

628, Dirksen Senate Office Building, Hon. Maria Cantwell,

Chairman of the Committee, presiding. 

OPENING STATEMENT OF HON. MARIA CANTWELL,

U.S. SENATOR FROM WASHINGTON 

The CHAIRWOMAN. The Senate Indian Affairs Committee will 

come to order. 

We are here today on two different issues. One is the nomination 

of Vince Logan to be the Special Trustee for American Indians, 

U.S. Department of the Interior. Mr. Logan was nominated on February 27th of this year by President Obama and the full nomination packet was received by the Committee on July 23rd. The 

American Indian Trust Fund Management Reform Act that created 

the position of Special Trustee was passed in 1994, and is a response to concerns regarding the Department of Interior’s trust 

management practices. These concerns include the inability to provide accounting of balances to beneficiaries, a lack of trained staff 

and an inadequate record of keeping systems. 

Currently, the Department of Interior holds 56 million acres of 

land in trust for tribes and individuals, and the Department manages approximately $4.4 billion in trust funds, generated by leases, 

resource development royalties, use permits, judicial settlement 

and judgments. In fiscal year 2012, almost $500 million was collected for 387,000 individual Indian accounts and nearly $1.4 billion was collected for the 250 tribal accounts. 

President Obama’s Administration has made significant progress 

in improving the management of Indian assets. This includes settling lawsuits with over 40 tribes, and most notably, the final settlement agreement in the 16-year long Cobell v. Salazar litigation. 

But despite these achievements, much work remains to be done. 

This nomination hearing is about discussing that remaining work 

with Mr. Logan and his plans to continue making progress on behalf of Indian Country. The Committee is also interested in the 

2

Commission on Indian Trust Administration and Reform established by then-Secretary Salazar. I am sure the Commission’s findings will have a number of recommendations that the Secretary 

will want to implement. And these changes will likely rely on the 

leadership that will be provided by the Special Trustee. 

If confirmed, Mr. Logan would be the fourth person to hold the 

position of Special Trustee for American Indians. We look forward 

to hearing his ideas on how to improve the trust service that the 

Federal Government provides to Indian Country. Hopefully we can 

finally move past the need for trust reform and focus efforts solely 

on trust asset management and financial growth for tribal and individual beneficiaries. 

So now I would like to see if my colleague, Senator Tester, has 

any opening statements. I know my colleague, the Vice Chairman, 

is probably on his way. But maybe before that we would allow the 

Honorable Scott Big Horse, Assistant Principal Chief of the Osage 

Nation, who is here to introduce our nominee, say a few words. 

STATEMENT OF HON. SCOTT BIGHORSE, ASSISTANT 

PRINCIPAL CHIEF, OSAGE NATION 

Mr. BIGHORSE. Thank you, Madam Chairwoman. Vice Chairman 

Barrasso isn’t here, and I want to say good morning, or afternoon, 

to Mr. Tester, members of the Committee. Thank you for the opportunity to appear before this Committee to introduce Vincent Logan, 

one of our Osage tribal members, to this Committee and the United 

States Senate. 

I am Scott Bighorse, the Assistant Principal Chief of the Osage 

Nation. It is an honor for me to be here. Principal Chief John Red 

Eagle was unable to be here because of business back home. We 

have had a lot of tragedies and a lot of deaths here in the past couple of months. But he does ask that his letter of support be entered 

into the record on behalf of Mr. Logan. 

Let me first give you some background on the Osage Nation, because Vince Logan’s story is a story of the Osage Nation and its 

people. The Osage Nation is a sovereign Indian nation based in 

Pawhuska, Oklahoma. Our current homeland, the Osage Reservation, is about one and a half million acres located in northeastern 

Oklahoma. It is contiguous with Osage County, Oklahoma, realigned into what is our last reservation from our former reservation in Kansas and our aboriginal territories that covered almost 

all of Missouri, parts of Arkansas, Kansas and Oklahoma. 

The Osage Nation has signed several treaties with the United 

States and Congress has passed several special statutes that addressed our homelands and rights as a tribal nation. We came to 

the new reservation in Oklahoma only after one of our leaders, Wa 

Tenka, first visited the land and came back to our people and told 

them that there is something in the land that would keep our elders and children from starvation. As you know, many tribes were 

moved into Oklahoma and were on the brink of starvation. Our 

people relied on Wa Tenka and agreed to move to the Indian territory. 

Many of our people have interpreted Wa Tenka’s prophecy to 

mean the vast oil reserves that were discovered beneath the surface of the land after we arrived to our reservation. Our leaders 

3

today understand that it may have been the oil that they were 

talking about, but it is truly the sovereignty that we hold within 

our reservation. 

Madam Chairwoman, Vince Logan is a direct descendant of Wa 

Tenka. Mr. Logan understands the trust relationship that both the 

Osage Nation and Osage individuals have with the United States 

Government. He understands that our Nation and our people have 

come to rely on this trust relationship and we have acted to enforce 

it when necessary. 

Vince Logan also understands that tribal governments are 

sovereigns that make laws and are self-governing and a sound, productive trust relationship means listening to the leaders of the tribal governments, to the individual Indians who are directly impacted by the trust relationship. He also understands that these 

trust systems have failed Indian Country on many occasions, and 

the systems need reform. 

Vince Logan, a man whose family primarily comes from the 

Zonzoli district of the Osage Reservation, is well qualified to serve 

as the special trustee. His professional background as an attorney 

in investment management would serve him well in this position. 

This office has been without a Special Trustee for far too long. As 

the Trust Commission continues its work and decisions will be 

made about reforming the Federal trust system that has been broken for decades, individual Indians need a leader and an expert 

that is willing to listen and act for the betterment of Indians and 

Indian tribes. 

Madam Chairwoman, the Osage Nation believes that Vince 

Logan is the right leader and the right person for this challenge. 

I strongly encourage this Committee to move this nominee forward 

and for the full Senate to confirm him as Special Trustee for American Indians. 

[The prepared statement of Mr. Bighorse follows:]

PREPARED STATEMENT OF HON. SCOTT BIGHORSE, ASSISTANT PRINCIPAL CHIEF, OSAGE NATION

Chairwoman Cantwell, Vice Chairman Barrasso, Members of the Committee, 

thank you for the opportunity to appear before this Committee to introduce Vincent 

Logan, one of our Osage tribal members, to this Committee and the United States 

Senate. I am Scott Bighorse, the Assistant Principal Chief of the Osage Nation, and 

it is an honor for me to be here. Principal Chief John Red Eagle is unable to be 

here because of business back home, but he asks that his letter of support be entered into the record. 

Let me first give you some background on the Osage Nation, because Vince 

Logan’s story is a story of the Osage Nation and its people. 

The Osage Nation is a sovereign Indian nation based in Pawhuska, Oklahoma. 

Our current homeland, the Osage Reservation, is about 1.4 million acres located in 

Northeastern Oklahoma and is contiguous with Osage County, Oklahoma. We arrived into what is our last reservation from our former reservation in Kansas, and 

our aboriginal territory covers parts of Missouri, Arkansas, Kansas, and Oklahoma. 

The Osage Nation has signed several treaties with the United States and Congress 

has passed several special statutes that address our homelands and rights as a tribal Nation. 

We came to the new reservation in Oklahoma only after one of our leaders, WahTi-An-Kah, first visited the land and came back to our people and told them that 

there is something in the land that would keep our elders and children from starvation. Our people relied on Wah-Ti-An-Kah and agreed to move to the Indian Territory. 

Many of our people have interpreted Wah-Ti-An-Kah’s prophecy to mean the vast 

oil reserves that were discovered beneath the surface of the land after we arrived 

4

to our reservation. Our leaders today understand that he may have been talking 

about the sovereignty that is based in our homeland. 

Madam Chairwoman, Vince Logan is a direct descendant of Wah-Ti-An-Kah. 

Vince Logan understands the trust relationship that both the Osage Nation and 

Osage individuals have with the United States. He understands that our Nation and 

our people have come to rely on this trust relationship, and we have acted to enforce 

it when necessary. 

Vince Logan also understands that tribal governments are sovereigns that make 

laws and are self-governing, and a sound, productive trust relationship means listening to the leaders of the tribal governments, to individual Indians, whose lives 

are directly impacted by the trust relationship. 

He also understands that these trust systems have failed Indian country on many 

occasions, and the systems need reform. 

Vince Logan, a man whose family primary comes from the Zon-Zo-Lin District of 

the Osage Reservation, is well qualified to serve as the Special Trustee. His professional background as an attorney and investment management would serve him 

well in this position. 

This Office has been without a Special Trustee for far too long. As the Trust Commission continues its work and decisions will be made about reforming the federal 

trust systems that have been broken for decades, individual Indians need a leader 

and an expert that is willing to listen and act for the betterment of Indians and 

tribes. 

Madam Chairwoman, the Osage Nation believes that Vince Logan is the right 

leader and the right person for this challenge, and I strongly encourage this Committee to move this nominee forward and for the full Senate to confirm him as Special Trustee for American Indians.

The CHAIRWOMAN. Thank you, Chief Bighorse. Thank you so 

much for being here and for that introduction. 

Now I want to turn to the Vice Chairman of the Committee for 

any comments he would like to make before we turn to the witness. 

STATEMENT OF HON. JOHN BARRASSO,

U.S. SENATOR FROM WYOMING 

Senator BARRASSO. Thank you, Madam Chair. I will just have my 

statement put into the record. I want to congratulate Mr. Logan on 

his nomination and look forward to working with him during this 

nomination process. I will have questions for Mr. Logan. 

Thank you, Madam Chairwoman. 

The CHAIRWOMAN. Thank you. 

Mr. Logan, welcome. Thank you for your willingness to serve. It 

is a pleasure to have you here before the Committee today. Go 

ahead with any comments or introductions you might want to 

make. 

STATEMENT OF VINCENT G. LOGAN, NOMINEE TO BE SPECIAL 

TRUSTEE, OFFICE OF SPECIAL TRUSTEE FOR AMERICAN

INDIANS, U.S. DEPARTMENT OF THE INTERIOR 

Mr. LOGAN. Thank you, Madam Chairwoman, Vice Chairman 

Barrasso, Senator Tester. My name is Vincent Logan and my 

Osage, or Wah-zha-zhe, name is Hunka-zhe-na-zhe. I am honored 

to appear before you today seeking your confirmation for my nomination to serve as Special Trustee for American Indians. 

As a member of the Osage Nation, I am honored to have Assistant Principal Chief of the Osage Nation, Scott Bighorse, here to introduce me. Thank you, Assistant Chief. And with me today is my 

sister, Jeanine Logan, who traveled here from Oklahoma, and my 

partner, Dr. Steven Lieberman, who came down from New Jersey. 

5

Jeanine is an attorney with the Social Security Administration’s 

Office of Disability Adjudication and Review in Oklahoma City and 

also serves as Associate Justice on the Osage Nation Supreme 

Court. Steven is Chief of Staff of the Veterans Affairs New Jersey 

Health Care System and has received numerous awards and commendations for his service to our heroes. 

Jeanine and Steven, through their many years of public service, 

have guided me in my professional career, and I would like to 

thank them both here today. 

I was born in Pawnee Indian Hospital in Oklahoma, raised in 

Norman, but have spent the majority of my life as a New Yorker. 

I received my education at Oklahoma State University, the University of Oklahoma College of Law and Columbia University School 

of International and Public Affairs. I come from a family dedicated 

to serving the public with military service and government service, 

which makes me both proud and humble. My parents served this 

Country during World War II and are interred not far from here 

at Arlington National Cemetery. My father, Oscar Logan, Jr., 

joined the United States Marine Corps and fought with the Fifth 

Division in Iwo Jima, where he was critically wounded. He was 

awarded the Purple Heart for his combat service. My mother, Della 

Morrell Logan, served in the United States Army during World 

War II, as a nurse stationed here in Washington. 

I am proud of my career in public service, which began with the 

State of Oklahoma Attorney General’s Office in the Criminal Division. I also worked in the United States Department of Justice 

Antitrust Division here in Washington. I was also a corporate finance lawyer in New York for many years. In 2006, I moved to the 

asset side of the balance sheet when I became a financial advisor. 

I am currently an investment consultant working for tribal nations 

in economic development. 

My career, experience, and expertise are germane to the Office 

of Special Trustee for American Indians and to the position for 

which I am nominated in three distinct areas: law, investments, 

and of course, Native Americans. I spent 15 years as a corporate 

lawyer in New York specializing in finance. But I always sought a 

career working with Native Americans and Indian Country. I was 

at the Federal Indian Bar Conference one year and tribal leaders 

were asking me about assets and pricing on financial products. 

Frankly, I couldn’t answer them at the time, I didn’t know enough. 

But fortunately for me, I worked at Schulte Roth and Zabel in 

New York, which is one of the preeminent investment management 

law firms in the world. I spoke to partners about my concerns 

about tribal investing. It became clear at that time that I needed 

to learn the world of investments. I was picked to be part of the 

Merrill Lynch private banking and investment group, where I received excellent schooling and mentoring in key areas such as investment policy preparation, asset allocation, performance measurement, risk analysis and, above all, the fiduciary duties for investment advisors. 

However, and this is what I consider to be the most fulfilling aspect of my professional career, I have been part of the investment 

education movement in Indian Country. I have committed my business and offered my professional services to helping tribes learn 

6

the business of investments. My business value proposition is this: 

tribes should look at the university endowment model and even 

look at some of the sovereign wealth strategies, but only after edification in boardsmanship and governance, the adoption of investment guidelines and the building of internal capacity and capabilities. 

Further, and this has been equally fulfilling, I am committed to 

investment education for individuals, and particularly tribal youth. 

I have spent many years in Indian Country speaking to children, 

to Native kids candidly about money, savings and careers. 

The American Indian Trust Fund Management Reform Act of 

1994 created the Office of Special Trustee to improve the accountability and management of Indian funds held in trust by the Federal Government. As trustee, if I am confirmed, I will oversee the 

management of trust assets using my experience and knowledge to 

the best of my ability, bearing in mind that with respect to investments, there are a multitude of outside factors, many of which are 

organic and ever-changing. 

Furthermore, as to the trust principles of the Secretary, as stated 

in the departmental manual and published on the OST’s website, 

if I am confirmed for this position, I will carry out my responsibilities as the Special Trustee with the duty of care of the highest 

level of competence, professionalism and thoroughness. If I am confirmed, I will act solely in the interest of the beneficiaries, and this 

applies to all of the obligations, duties and responsibilities that the 

OST has been given, granted and assigned. 

Madam Chairwoman, Vice Chairman Barrasso and Senator Tester, thank you for considering my nomination to this important position. I look forward to working with you and I am happy to answer 

any questions you may have. 

[The prepared statement and biographical information of Mr. 

Logan follow:]

PREPARED STATEMENT OF VINCENT G. LOGAN, NOMINEE TO BE SPECIAL TRUSTEE, OFFICE OF SPECIAL TRUSTEE FOR AMERICAN INDIANS, U.S. DEPARTMENT OF THE

INTERIOR

Thank you, Madam Chairwoman, Vice-Chairman Barrasso, and Members of the 

Committee. My name is Vincent Logan, and my Osage, or Wah-zha-zhe, name is 

Hunka-zhe-na-zhe. I am honored to appear before you today seeking your confirmation for my nomination to serve as Special Trustee for American Indians. As a member of the Osage Nation, I am honored to have Assistant Principal Chief of the 

Osage Nation Scott Bighorse here to introduce me. Thank you Assistant Chief. 

With me today are my sister, Jeanine Logan, who traveled here from Oklahoma, 

and my partner, Dr. Steven Lieberman, who came down from New Jersey. Jeanine 

is an attorney with the Social Security Administration’s Office of Disability Adjudication and Review in Oklahoma City. Jeanine also serves as Associate Justice on 

the Osage Nation Supreme Court. Steven is Chief of Staff for the Veterans Affairs 

New Jersey Healthcare System. Steven has received numerous awards and commendations for his service to our heroes. Jeanine and Steven, through their many 

years of public service, have been an inspiration to me and have provided me guidance in my professional career, and I would like to thank them both here today. 

I was born in Pawnee Indian Hospital in Oklahoma, raised in Norman, but have 

spent the majority of my life as a New Yorker. I received my education at Oklahoma 

State University, the University of Oklahoma College of Law, and Columbia University’s School of International Affairs. 

I come from a family dedicated to serving the public, both in military service and 

government service, which makes me both proud and humble. My parents served 

this country during World War II and are interred not far from here at Arlington 

National Cemetery. My father, Oscar Logan Jr., joined the United States Marine 

7

Corps and fought with the Fifth Division on Iwo Jima where he was critically 

wounded. He was awarded the Purple Heart for his combat service. He later worked 

for the Indian Health Service and for the Osage Nation. My mother, Della Morrell 

Logan, served in the United States Army during World War II as a nurse stationed 

here in Washington. After the war and while raising a family, she worked with 

State of Oklahoma Tax Commission and the Indian Health Service. 

As for my other siblings, my brother Joe, served as a Captain in the United States 

Marine Corps, and retired from a career in public service with the State of Oklahoma. My sister Grace also retired from public service with the State of Oklahoma. 

My brother Kyle is a public high school teacher in Oklahoma City. 

I am proud of my career in public service, which began after I graduated from 

law school and went to work for the State of Oklahoma Attorney General’s Office 

in the Criminal Division. During the Clinton Administration, I worked in the United 

States Department of Justice, Antitrust Division, here in Washington. 

Since leaving the Department of Justice I have worked in the private sector. I was 

a corporate finance lawyer for many years in New York. In 2006 I moved to the 

asset side of the balance sheet when I became a financial advisor. I am currently 

an investment consultant working with tribal nations, not only in investment matters, but also in economic development. My career, experience and expertise are germane to the Office of the Special Trustee for American Indians and to the position 

for which I am nominated in three distinct areas: law, investments, and, of course, 

Native Americans. 

Let me begin by telling a brief story about how I came to the world of finance. 

I moved to New York to attend Columbia University. I arrived in the Big Apple full 

of optimism, a bit of fear and anxiety, and seeking a career in the international or 

diplomatic arena. But as they say, the best laid plans . . .. The wheels turned in 

another direction, and turned very fast for me. I was fortunate enough to be hired 

by law firm while in school and, as fate would have it, I was assigned to the shipping division. Being a son of the plains, and never on the ocean, I often used the 

word ‘boats’, to the chagrin of my colleagues. Thus began my career in finance. 

I spent fifteen years in corporate law in New York, specializing in finance, mainly 

aircraft, shipping, and big ticket equipment. While I found that work very rewarding, I was always a bit disappointed that my career didn’t involved Indian Country, 

and there was certainly no way of having a successful legal career in New York with 

a tribal business at that time. 

What happened next is what leads me to be seated in front of you today. I was 

attending the annual Federal Bar Indian Law Conference, and was at the luncheon. 

I was seated next to a tribal leader and he told me about his tribe’s investments 

with a local bank. He said they didn’t know anyone by name at the bank and certainly didn’t know how the money was invested. He asked me if I knew anything 

about investments. And by coincidence, another tribal leader at the same table overheard our conversation and asked me if a fee of one hundred and fifty basis points 

was high, or was that usual for a tribal account. I couldn’t answer them—and that 

is what I told them. 

I went back to New York puzzled, perplexed, call it what you will, by that conversation but definitely focused on finding out more about the investment industry, 

not because of intellectual curiosity, but because I could see on those men’s faces 

that they were troubled by how the tribe’s reserves were being managed. 

Fortunately, the law firm at which I then worked, Schulte Roth & Zabel, was and 

remains the pre-eminent investment management law firm in the world. I spoke to 

partners about my concerns with tribal investing and it became clear to me that 

if I wanted to be part of the tribal investment world, I would need to leave the legal 

world and move to the world of investment management. 

I needed training and licensing in the securities industry. I was picked to be part 

of the Merrill Lynch Private Banking & Investment Group program where I received excellent schooling and mentoring in key areas such as investment policy 

preparation, asset allocation, performance measurement, risk analysis, and above 

all, fiduciary duties for investment advisors. 

I have spent the last eight years in this industry and have worked with many 

clients, including several tribal nations, varying from small accounts to large tribal 

reserve funds. I have helped tribal leaders draft investment guidelines, select asset 

managers, collateralize tribal funds for casino expansion projects, and have provided 

general asset guidance. Over the years, I have heard of instances of credulity in investment decisions by some tribal officials and unscrupulous business practices, but 

personally, I have not witnessed that. Rather, I have seen investment decisions 

made with full understanding of the product and associated risk. That is the business approach I was taught and that is what I practice. 

8

As it turns out, after years in this industry, I have found that I am more quantitative and analytical in nature, which I have put to good use working for tribal 

nations. The investment industry is very complex, with many levels of expertise required, and the complexities and personalities are difficult to manage unless one 

has an advisor who puts his or her clients’ interests first. I know I have always done 

so. However—and this is what I consider to be the most fulfilling aspect to my professional career—I have been part of the investment education movement in Indian 

Country. I have committed my business and offered my professional services to 

helping tribal leaders learn the business of investments. My business value proposition is this: tribes should look to the university endowment model in handling 

their investments, and even look at some of the sovereign wealth fund strategies, 

but only after edification in boardsmanship and governance, the adoption of investment guidelines, and building internal capacity and capabilities. 

Further—and this has been equally fulfilling—I am committed to investment education for tribal individuals and tribal youth. Having spent years throughout Indian 

Country I am acutely aware of the challenges our tribal people face, particularly our 

children. I speak to Native kids candidly about money, savings, and careers. I developed my own program called ‘‘Your First Paycheck’’ based on my own experience as 

a kid growing up in Oklahoma and getting my first paycheck through the Comprehensive Employment and Training Act program. 

A lack of financial guidance for youth, either in Indian Country or elsewhere in 

the United States, exacerbates many of the social ills we see. We also have a lack 

of guidance at home, or the ‘‘dinner table talk’’ as I call it, particularly in Indian 

Country, when parents can teach their children about money, work, and savings. 

Absent that, it is imperative—no, it is our duty as Indian Country investment professionals—to support and participate in financial education for tribal leaders and 

individuals. Our future is at stake, and the lack of investment knowledge will limit 

our capacity to build self-sustaining communities. 

As I mentioned earlier, I am a member of the Osage Nation. My ancestors include 

hereditary Chief William Penn and Way-Hu-Hah-Kah, both signers of the Constitution of the Great and Little Osages in 1881. My great, great grandfather, Frank 

Corndropper, was a member of the original Osage Tribal Council and my ancestors 

have been a part of the Osage leadership since that time. Another ancestor is legendary Chief Wah-Ti-An-Kah, whose leadership and vision was critical to my people 

moving to Oklahoma. 

The discovery of oil under our reservation, and the resultant effects on our people 

and our land, are well-documented. The fact that the Osage mineral estate was put 

in trust in 1906, with the United States as Trustee, has to be considered one of the 

most important events in the tribal/federal relationship because of the shear magnitude of the wealth that was generated. Hundreds of millions of dollars in revenue 

have been distributed to the Osage people over the past hundred years or so, and 

billions more remain untapped. The Osage Mineral Trust is just one part of the heritage of my Osage people, but it’s indisputably what we are most known for and 

what garners the most attention. The Osage people are well-aware we are inexorably linked to the United States because of this special trust relationship, as are 

many other tribal communities. 

There is certainly no need to discuss the importance of the special trust relationship between the United States and the various tribal nations, as this has been 

much discussed in this chamber and before this esteemed Committee, and it is, obviously, the reason we are here today. Let me merely state that I am well aware of 

the importance of the trust relationship and I would be most honored, if confirmed, 

to serve as the Special Trustee for American Indians. 

I do have a brief personal story about this special relationship. My first experience 

in hearing of the ‘‘trust’’ was in the 1960s when I went with my parents to the 

Osage Agency regarding an account issue. I recall meeting the Field Solicitor and 

hearing them discuss monies and accounts. Such was my introduction to this relationship. Furthermore, I have been a shareholder in the Osage Mineral Trust since 

1986. As such, I’m acutely aware of the special relationship between the Osages, the 

United States vis-a`-vis the Department of the Interior, as Trustee, and the Office 

of the Special Trustee for American Indians, or the ‘‘OST’’ as it’s called. 

As for the history of the OST, I don’t believe it is necessary to discuss in detail 

the efforts of the late Elouise Cobell or discuss the Cobell litigation and settlement, 

or the Osage Trust Case or any other tribal trust cases. Suffice it to say that these 

matters are well-documented and have been a part of the Indian Country dialogue 

for many years. 

What I would like to consider is the OST going forward. The American Indian 

Trust Fund Management Reform Act of 1994 created the OST to improve the acVerDate 0ct 09 2002 12:13 Mar 28, 2014 Jkt 087132 PO 00000 Frm 00012 Fmt 6633 Sfmt 6621 S:\DOCS\87132.TXT JACK
9

countability and management of Indian funds held in trust by the Federal Government. As trustee, the Department of the Interior has the primary fiduciary responsibility to manage both tribal trust funds and Individual Indian Money accounts. 

One of the Secretary’s trust responsibilities is to protect and preserve Indian trust 

assets. If confirmed as Special Trustee for American Indians, I will oversee the management of the trust assets using my experience and knowledge to the best of my 

ability, bearing in mind that, with respect to investments, there are a multitude of 

outside factors to consider, many of which are organic and ever changing. 

Going back to my training at Merrill Lynch, it is said that the first principle of 

investing is capital preservation and the foremost risk to an investor is inflation. 

These remain the basics of investing and this is the starting point industry-wide 

and certainly part of my investment approach. If confirmed, I will protect and preserve Indian trust assets from loss, damage, or depletion. 

Furthermore, as for the trust principles of the Secretary, as stated in the Departmental Manual and published on the OST’s website, if I am confirmed for this position I will carry out my responsibilities as the Special Trustee with a duty of care 

of the highest level of competence, professionalism, and thoroughness. I will act solely in the interest of the beneficiaries and this applies to all of the obligations, duties, 

and responsibilities that the OST has been given, granted, and assigned. And I will 

work with and support the efforts of the Secretarial Commission on Indian Trust 

Administration and Reform. 

Madam Chairwoman, Vice-Chairman Barrasso, and Members of the Committee, 

thank you for considering my nomination to this important position. I look forward 

to working with you and I am happy to answer any questions that you may have. 

10


1211a1.eps

A. BIOGRAPHICALINFORMAllON 

1. Name: \In,lude any former n~m<l5or nkkllilmes used,} 

Vlm:ent G, logan 

2. Position to which MmTnJled: 

Special Trustee (or Amerleal'llndlans, U.S. Department of the Imen"" looreafter, "Special Trustee") 

3, ~tf!QfMmTnatiQn: 

February 27, :!O13 

4. Address: ILls! clITrent plati'! ofr~dsn~e anel office ~ddr()550s.) 

Home;, 

OffIce: : 

5. Date ancl place of binI!: 

001: June 11,19S1 

Place: Pawne~ Indian Hospital, Pgwneo, ok 

6. Marital status: (rndude malden name cfwlrc or husb<lnd's n~mL!.) 

Nevermarri!ld. 

7. Namesarid a&e~Or children: (lncl\lde~tcpc~ilr;lr",n ~mlchildren fr(lm previous marrlil/les.) 

None 

8. Educ~tlon: (r.istsecondary and higher education Institutions, dates attended, degree r"willed, 

and dale degl'e«lIranted.) 

Oklahoma Stale University, 1975 -1919, BadleIDro/Sclmce, May, 1979. 

UnlveQ!tyof Oklahllma College of .... w. 1981 -1983,Ju(/s J](u.tQ,are, Januarv, 19113. 

Columbia Unlverslty, School of IntarnatlonJI.nd Public AffaIrs, 1!186 - 1988, 
11


1211a2.eps

!!. Employment recordllU~t ~II Jobs h"M slncucoileKe, Including the title ord~saiption of job, 

name of eml'loYQr, 10CIIllon of work/ and dat~~ 01 employment. IndOOTns anv militarv servl~e.) 

'"'" NatTon~ Graup, Ue, New York, NY (2009 tgprese~t). Title: Ow"erand Mamoglnr Membar. 

The Natlon~ Group Advl~ors,tLC, NewYo'~, NY (2DlO-ceased ""eratlon. March,20l2j. TIlk!: 

President ~nd fin,,"dal adlll<or. B""""'IIIIII,lb'" for New Yorlo;State, Ocpartmentaf Labor, 

IJnemplO\lment Insurance Hmeflt< upon c10stnl ofU,. bu.lnes~. 

Prluate Banldng and Inll""tment Group ofMorrlIl Lynch, NewYork,NY 12006"-2!lO9). Tittel Pllv~te 

biln~er. 

Schulte, Roth &2abel LLP, Corpurateflnance, U-Y~rk, NY (2001-2~~e). Tltk:: Corpo ... tefinance 

JU"mu.,.. 

Co''''''', MIller/Rush & Welsenthal, New York, NY (!OOO-20Dl). TItle: l.Ii~il SG<lN:hColl5Ultant. 

FrulllncllWrttllr, NewYorir, NY (1.992-1996, 1998-2:000). ResooKned ~ baok and produced a 

community" :;ervke video" 

U.S. Deplrlmllnt of Justice, AntltNlit Olvl$!on, Washington, PC (1996-1991j. TItle: Centrad 

aHo,ney. 

H~lght, Gardner, poor& Havens, NawVOlk/ NY (1986-1992). Title: Law derk & attorney. 

OLB En!ll'g\l CorporatIon, Counsel, Oklahoma City, OK(lS8S -1986). ,!tIll; Attorney. 

state of Okl~hom", Attorney Genernr. Office, Oklahoma City, OK (1983 - 1985). Titlm legal Intern 

and attorney. 

Oklahoma Snrte University, Geography Department (1.9B~ _ B1). Tltla: GraduaU! Assistant 

10. t;iovernment experience: lUst oilY advIsor'\', ~nsullati""', holl<lraryarolhe, part·tlme rervlooor 

Po,lllon, with f~dcrJI, StJte. or local &OI'ernmp.nts, other than tho,e n.ted above.) 

None 

11. Bus!n~ss r~latlon:;hlps: Ilbt all po,ltlon' held ~s an Qffkor, dfre.::tor, trustee, p~rtTlar, proprietor, 

agf!nt, Mpr ... entatllle, or <on'ultantaf any corporatlilf1, company. Ilrm, partMrshlp, oro\:hllr bu,inl!SS 

enterprise, educatIonal or othar Institution.) 

The Natlon.Grau~, Ue, NewVork, NY. I'Giltlon: O\l'n<ll' and Manor,log Member (Current). 

The Nations Graup Advl'lJrII, LLC, N ...... Vork, NY. Position: Pre~dent(2.010-c""sed operations 2012). 

AMERINOA, Inc., JII"" YOlk, NY. Position: Board Member [2009·2010). 

Oklahorn<J State Unlver!lty Foundation, St!llwilUlr, OK. ~)tlon: llaard of Governors (o..rrenl). 
12


1211a3.eps

Oklahoroo State UnlversltY, Provost's E~lernal AdvIsory CCllfltlt, Stlilwawr, OK. Position! Member 

(Current). 

Nal1veAmerican Media PrllJed, Ine., Normiln, OK. Position: tncurpllrnlor (2,OtJ3j. 

12. MembershIps: lList all membershIps aoo Offlce5 held In pr<lfe:;51I1n~l, frnt\lrn~l, scholarly, civic, 

busin~s, ,hJrilable af'ld olher orcanlzatlons.) 

MIImber, Osase Nallon 

Member, Oklahoma Bar Anodallcln 

Member, American Bilr AssQI:!at]on 

Member, Federal Bar Assllelalion 

Member, Natlve American Bar Assodatlon ofWOIwlnffton, D<; 

Member, !nvutment Management CVn~lIltant~ A~~odatlon 

Mlmber, 1OIobai AssQI:!ationofRl5kProfasslOflals 

Member, Oklahoma State UniversIty Alllmni Ai.5ocl~tlon 

Ff1IIRAGener~1 Seturllles Repre",ntatlve (Series 71 

Nortll American se<:urltles Administrators As$oClation (SerIes 65) 

St;rteofNew 'I'ork, InsuranceUcense-Heaith., Varllble AnnuIty and Ute 

13. Plllitical.ffinaUon' and activities: 

tal 1istall offlc:es;with a politi~1 party whleh you have held or any public cflioo Icrwhlch 

yuu have been a ,andid"I~. 

None 

(b) List all member~hlps;lrld officas held In and seNlees rend~red to all Plllltlc~1 parties IIr 

election committees durIng the 1m 10 I"'ars. 

N,~ 

(cl It~mi!~ all political oonl~bullons to anylndlvldLlilI, camPilicn orB~nIUl\I(m. political 

party, pollth:;]1 ;)I;llo~ ~ommlltee. or similar ~ntlty of $500 or more for the past 10 yurs. 

N.m~ 
13


1211a4.eps

14. Honors onel awarcls: (Ustall scholarship., ftllows~lps, honorano degrees, IionorarY sod~tv 

membllrshlps, mllit.l.IY meel~ts and 3<lY ottler special rccoenltlons for out~aMllnll S~ rvicc or 

Khll!1lemenrs.) 

2012 D!stingtJlsbed Alumnus Aw,ml, Oklahoma State Unl~r5lty 

15. published writings: (List tim title'>, put>li,hnrs, and dares or~oo)Q;, artleies, reports, orother 

published materials which you hilw written.) 

16. Speeches: ?ro~ido Ih~ Commit1eilwlth two copies of any formaI5PE~ch~syou have deliverod 

during tht lastS years which ytJu hwe copi<!5 of on topics ruloVllntto thl! position for which you have 

been nominated. 

No fomtalspa,,<hllSziuen durlnllthe lartflveyeal"5 relewant 10 Ihe position. 

17. Selection: 

(a) Dc you kncwwhy you wores"s"ttcd forlh~ position to whld1 you have bli:en nominated t>y the 

President? 

The pOJltion of Spedal Trustee Involves three ~llPilrate, but e'luallv Important, are3S of knowledge 

and profi1;lenc.y: law. Investments and Natlva Amerkans. I ha~e been nominated forthls position 

because I am l.I!liq~ ql.l~llfled Inlltatl h~we e~perlcna! and ~pertls()ln thesellreas lind h~vebeen a 

part Df Indian (ountry my entire life. AddlUllna1IY.11i i memi1llrllftheOs;agel'latlan, a shareho:>lder In 

the Osage MlneralTrllst and Indlvlduallndliltl Mnn!Yl"lIMffl a.:count holder, I am we!!aware of the 

fldu~llry dutlu and respon>lbllltles of The Office I)f Sfl6clal Tru'itee for Ameri",," Indians (NOST") and 

haw .. ~een firnhand how the csr, In 1M d;Uy operations, .ffaets the Ilvu of 11M ;I<caunl hnldC!rs. 

jb) What In V01.lrb~cksrtlund "rem~l"yment experience de yOJll t>elleve~mrm"tlvely 

qualifies yoU fer this partltul"r ~ppal[Jtment1 

I h~wpartrwl.r knowledge of the osrthroilgh myy<:ars afhnllingan 11M "o;cIIllnt, My 11M account 

relat ... not only to mlr>eral leaS!! tl!1lenUes blJl:alsofBrmlnl ilndsuzll'\i lease revenue "n rest<ieled 

land. Ower theycillS I hilwe had perso~al experlencewllh the OSTTrust 8l1f1afl~arvCilII (anter, 

partlcularlvln tracking down k:>5tmonle5,and IheBureauoflndlan Aff;!Irs, fleal Estal~ Services, 

appraIsal proteM. I have entered Into approved f~rrnlnR arwigra:::lng leases and have received my 

qu~rt~rly ~iltem~nti Indtc;rting r~venues paid i!Ild lanl\ inventory. 

MVc"ns ... ltlngbu~ne..s, The illations G,,,Ufl,ll.C, pmwid", t""hnkal a""l!ilance to tribes relatlnslo 

In~~ent mattt!'l; for trlbill monies, whlrther they be from gaming .ources or otherwise. 

Additlonillly, I advise tribes In devdopllll! ~nd Implementlnllnvestment pOnclES, plal6 aruf lI~idellne~, 

Further,l am an advocate for trl~to bUild Internal capacity to mallillietheir own InVClstmenu»Q [ 
14


1211a5.eps

;mbt trlb~i In ueQtlnc Jnveitmenl comtllitl~es and boards, including d~<'!llIjIln;:: govl!mlng 

documents and policies, and teach Investment rours:es to tribal leadership. 

I al~1I teiKh nnand;!1 udl\cath;>n Ig Indlvldwltrlbal ,"",mberJ, focusing on financial sldll, !I'lli houst!hold 

butlr,etlnl(. Howe~er, r am 1l1lSsionaleabouI flnandaleduQl10n for Irlbillyouth 50 I dewloped my 

own program to lead! teenagers about saving, credit and thl!lr first pay<;l,(!(k. I vniuntl!Cr to help 

Irlbalvouth prOgr.,m5 by addll1l! ~ flnan~lal component and m"ntOrvoungtrlbai profl!~ronal;5eeklng 

InvestlTll!nt carel!l':!I. While !hUll Ktlv!t1e:o might notbepart ofth(J trust fund m;.n(\ate, I do feellhe 

OST hilS a spcdallll~rcst In helplng ulba1 minors, particularly thosl! with 11M accounts. 

I al5(l have e~rwienc<'! In the tribal trust fund wlthdl1lwal proces5. D<uing my tenure at Merrill lynch, I 

workl!dwltb three trlbesltlathad wlthdr.lwnor .... ere withdrawing their !rust fund<; from OST. I hiM! 

kl\l'lwledge Dfthe Withdrawal process as s~ fruth In Ihe statute Dnd thl! dcVl!IDj1menl of Ihe 

tribal tnanllpml!nt plan. 

I halle I!lIpertlse In (!Mral trust duties and respc>n~lbllltles through W(lr~ing wllh b"nk1~g 

trustees In num~ro~~ klVetllllud leilsetrilnsacllons during mv career as a corporatit I~~r. Thesl! ta~· 

based lease stNtturel had banlcs operate 115 both !!qU1ty anti debt trUsIOe5 fortho tran,actlo~, and 

their d~111!$ 'Nere set lortilin Ihe tr\l5t dO~llmentatlon. Whll~ I never l'i!presented atrWltllu, my 

famlnarlto,owlth trust duties ilrosefrom repr~lIns beth lenders and borrowe .... 

Finally, I b3\1a IndllSlly elCp~rlente In tit!! Inl/e5lment of 1;11'&(: sums of trlbal ..s.oets. Whlll! it Merrill 

Lyneh, my group managed oYer $1 blillOl\ In assets, IrKI~dln, over $200 million In tribal 

1l$$els. MV ~d~rsory work Included assl!l manager recommendations for tribal clJent~ and J work~d 

with several tribes In the de~elopment of trlballnll~~m''!nt pollcll!5 snd Buldl!lInes. 
15


1211a6.eps

B. FUTURE EMPLOYMENT RELATIONSHIPS 

1. W!II YOU SIlVEr ~11 connections with your presenten'l~\ol'!!(.s.. bu!ln~u firms, buslr1e.5s 

iISSOc1<J1:1ollS, Of busln=organila\iOflS IfyDU are cDnfirmed by the Senate? 

vo, 

2. Do you n3Vo ~ny iliaD$, commltmenls, ()f'3grncmontslc pursue outside employment, with M 

without tllmpt'll5atkm, during yourservlcewllh thegovernmenti If5D, please e~plain. 

3. Do you haveany plans, commitments, oril£roemtlnt5aftercom~leting gllvr.mmentservlce to 

re51.lme employment, ~ffil1atlon, crprattice w\lhyour pre~ious emplover, bu>lness firm, a5!;[]clalicn,or 

crEanl,alien? 

4. Has 3f1ybody made a commitmllnt ll:;J employ vllur se(\lkesln any capacity aftetyou Inve 

i""ernmeot service? 

N, 

S. If cllnflrmed, do you e~pect toserv~ol.ltyourfull term aruntil tlte n~t p(esrdeJltl~lelectkln, 

whichever Is ~ppllc;!blc7 

Yu 
16


1211a7.eps

C, POTENTIAL CONfliCTS OfINTEIlEST 

1. D'.:5Crlbo:: ~II fi~~ntiilillmmg~merlt~. deferred compens~tlon agmQmQ~t5, ~ml otncro:mtinulnG 

d<'lllnt'lS~ with ~usineu associatlls, cllo<'l3, or customers. 

A401(ld plan ('Plan") Wi6 established far mea~a hen"fit 01 mv"mplaym~ntwllh The Nations Gr!)up 

Adulsol"J, LLC ("TNGA"). TNGAeeasell operatIon! In Marth,lOll. 51nce mv empiaymentwith11'lGA 

ended, I am entlt!mlta wlthdraw m¥ contrlbull!)ni from the plln but hl"Mnot done 10. 

2. Indlcat~ any Jnv~stments, QbliH~tlons, li<lhiJitles, or other telatian<hlps willeh cauld InV<llv~ 

p~t~nllal e~nfllgs ofJnterostl1l t~~ position to wtdchyou haYI! b~en nominated, 

In connection with my nomination process, I have ~nsultBd with thlt OffIce or Govumm~nt Ethlg lind 

the Department of the Interior's designated ethlC5 offielil to IdentifY !lotantiil ~nfllctS "flntertst. 

Arf( potential t~flk;ts oflflter~\IIJI1 blll1lsolve~ In a"or~anl;l! with thetennsof ~fl ethics 

~greementth~t I have entered rntowlththe Departmenfs ethics official ilndthathasbcen provfded 

to thIs CamillI""" 'am not awal1! o/any ath~r potant!al coTlfllcu 01 Interelt. 

FriKtllll&[ \ln~iv1d.d [ntorat In the Ouge Mln~l Trust, 0:;"1" County, 01{, hel~ In trust by tile 

De .... rtmentofthe Interior. 

Fr.tctil)rtill undMd!:d Interest In 16 parcelso' umlellelaped Iilnd.sumc~ rlghtsonl~, osage County, OK. 

held In trust by the D€partl"mmt DUhe Iflterlor, 

3, Desalbe anybuslness reJallcnshlp, de:l!lI11lo orflmmclBI tnmsactlon whl~h y<1u hiIV~ hc~ ~urlng 

the last 10 ye~rs, whethnr for VOllrsdf, on bch~lf ofa dlent,Clr ac[lng as arla~ent, that (IIuld In ~nyway 

tOllsl:itul1! or I"I!sult In a po5Slbl" (IInllld: of Interest In lh~ po,itlo" W whi.t> you have been oorulnated. 

In wnnktilln with my nomInatIon procw, I hllVe~O$Illted with the Office ofGDvemmentEth!csand 

the PlI,mtment of the Interior's ~eslgnated ethIcs offitlal to I~entll'v pot~ntl,,1 ccTlfl!ru of lnllOreJt. 

Any polentJ;;,1 ~onillds Dflnterestwnl he resolved In a«ordancewlth the terms of an ethiC5 

alrlHlll\9ot that I have ent!lfl!d Into wllh the Department's eI~les offIctallnd !hlt ha~ been provlde~ 

10 this Committee. [am flot awareal any gther!lolenlj~ll;OIlfllctS oflnt:erest. 

4. Describe anyactlv!\ydurlngU1e !Iilst lOYellrs!n wh!c~ you Mve engaged [or t!lf, f'lIJrpose of 

dlreo:tly or lndlra~ Influcndna the I'assalle, defeat, or mcdllkatlon of any legislation or affectIng the 

~dmlnlslriltion and (t"(t~utjon of l~w or p<lbn~ !'clicV. 
17


1211a8.eps 1211b1.eps

5. explain howvou win I'll,olve ,mypo[en[lalwnnict oflnterost, Includlag any that m~y be 

disdo5ed byyour responses [0 the above Items. (Pleale prevldll IlWPY of any [rtJstorother 

~Broemcnt$.) 

Inconn~ctll:mwI1h my oom[notfon process. I have ool\!iulWd with the Office ofGoliemment EthiC!' and 

Ihl Olpilnment of the Interior's DeSignated ~thk!; offldal tn Identify potential conflicts of lntP:l'l!St. 

Arf1 potentIal cllnillcts oflntwlst will be reslllved In accordance with the t<lfn'l$ of in elblcs 

"greemlllllinal I hal/l,! entered Into with ttl. Depilrtment'$ ethics officfal and that iliIs be"" prllVlddd 

tel thl~Cnmmltt~e. I am notaware ofanv oth~rf'lltentlBI conlHctsofinter'illl. 

6. Do)'llu DBree to h .... e written opinions provided tQ In" commlttn by the d~slJ:n~t~d ~Kency 

ethl~omcer of me lIBentytowhlch ~ou are ncmlnalcd and by the Offi~e of GovammBnt Elnit$ 

contorniag potcntlal[onnictso'lnleresloruny leli~llmpedlments toyour servln& In this position? 

Ye~. 

0, LEGAtMAnERS 

1. H~vcY\lu ev~r been disciplined or cited for a breach oltrthk; by, or bl!t!n the subiecl of" 

complaint ro any COUll, admlnlstraUve agEncy, profi!ssicnal amldlltion, dlsdplln~ry (ammltte~, or other 

profes~nalgroup7 Iho, plea$!! c~plnln. 

No 

2. Hayeycu ever been InorestJuated, arr~sted, chargoxi, or held by (~Fedellll. stale, or other law 

enMrc:ementauthar1tyrorvlolatian of an V Fcdcrnl. Stille. tOUI1ty. or munklp~l low, regulation, or 

Qrdlna!)l;~, otl1~r than for ~ minor lnlff..: offen~e1 If SQ, please ellPlaln. 

No 

3. Have youoran~ entitv, pa,tnership or other assodation, WMtf'Hlr inc:orporllted or 

uniflcorponted, olwhlch you arearwara anoff1~reyerile~n Involved as ~ Pl'ri;y in an admlnl5tr~trYe 

agency proceeding Ilr clvlll!tllation7 If ~Il, pleilOll ~~pl.ln. 

No 

4. Have Y1Juever b~n t;OlW1cted (Including pk!;s ofRUlltv or nolo amtendcrcl of~ny criminal 

violatIon other than a mlnllr traffic Ilffln:;~7 If~, plol~'1l e~plain. 

S. Please advise thoCommlttca ofanyaddlUc",,,1 Inf'JlmaUoll, favorable \lrunf~"'.lrJb1e, which you 

fllo:l shgllid c\! disclosed In connection with your IlOmjn~tlon. 
18


1211b2.eps

E. RELATlONSHIPWrTH OOMMITIEE 

1, Will you IInsure that yo~r department/aE~no;y ~om~lic$ with deadUlI2s for Inrorm~IIOIl :;d by 

CQngressiorl<ll committees? 

v .. 

2, Will you ~n5ur" th~t your dllpllrtment/agency does wh.tover it 0;;;111 to protect ~ongre55101lal 

wlt""S5I!$ andwhlstle blowers from I'Ep.i5~1 forthel. testimony and disclosures? 

~. Will you (ooptlratc in pmllldina the oommlttee with requested w;tn~sses, !ncludln~ teclmieal 

ll>!p!lrtslmd alreer emplo~ee$. w1th nrsth"nd knowledge of matters of Interelt to the Committee? 

v" 

4. please explain how if confirmed, V01J "'1111 review regIJlatlons issuod by yeur depaTtm~nt/~~cll~Y, 

,,"d work olDsely with CDngreSS, to ensure that suth roguliltiDIlS comply with tbg spirit of the laws 

passed byCDngros>.. 

Consistent with executlve branch prol~ol~.lwlll meet ... 1111 Con&resslonal membars snd sRffIl/'5 ~ 

concerns ari.e and listen ta artY 'alICe"'" 111110lvlng exlnln, and prlIPPKd Depaltm<J1lt rel!u! ... tl<m~. 

S. Are~ou wllnng to appc~T Jnd to.tily before anI' dull'comtltuted committee o! the C:ongre~~llIl 

ouch occasions asyou m;!'{ be reawn~bty requested to dD so? 
19


1211b3.eps

F. GENERAL QlJAUflC'ATIONS AND VIEWS 

1. How docs your previous profe5'llon~1 experJellGOs and eduQltlon quelifv you for the position for 

whichvc~ have been rIOmln~ted? 

I have partlt\ll~r kno .... ledgcofthe OSTlhl"OUll:h m" .... ;ilrs of having an 11M ,eeounl. My 11M account 

rel;lles not onll to mlneraileilSll revenue!> but also farming and gr.nln~ Ioilse revenue on TBilrld:ed 

land. Owrtheyears lhavehold )1«50",,1 e~perl<!ncewJth the 05TTrust Beneflclary caM Cooler, 

particularly In tracklnl ~ownlcst monkls, and the B~rea~ of IndlanAff;llrs, Real Estate Services, 

apprlI(sal process. I have entered Into approved farming iind gronlns !o...se5 and hmre received my 

quartarly ltatemlnts IndlCOlting r<!Venues p;lld and land InVE1ntory. 

My CGII5IJltlng bu~nrn, Tile Natlen, Group, UC, provides tedmlc~l_stancilio tribes relallnllo 

investment matters 101 tribal monies, wh"'lhcr they be from gamine 5eUTCU 01 otherwise. 

Additionally, I adllise tribes In ~lIYlIlgplng and Impll!mentlnlj: Inv~rtmEnt pullcles, plans and guideUnes. 

Furth~r, I am ~n advocate for tribes to bUild Internal gpacltyto m~nBge th~lrown Im<'!3tmenU sa I 

Issist tribelln CrBatilllllnvQstmunt commlttee. :md boards, Including dl!\lelo~ins governing 

documents and pollde:s, an~ t .... d! Investment ca\ll'Se~ to trltwlll!~dership. 

I aha teach financial educatfon to Individual trJb~1 member5, focusIng OIl f1nanelal ~Iclll~ :lnd household 

buds"Ung. However, I am panlOllate abcut flMandal-eduCl!;on fortrlbal youth so I deverc~ed my 

own pro!l'Ilm !oteJIch tl!enaJl!rsabcat~iWrng, credlt;and lheirflrstpllytha,k, I v,,[lIntnrto help 

tribal youth programs by adding a flnandal ,ompone!lt ilnd m\!fltoryoung IIlbal prcfe~51onals sllllklnG 

Inve~m~nl ~ilrwrs. While these activities ml£ht rnrt be p~rt oflke trUit fund mandiite, I do feel the 

OST has a speclallntare5t In helping trllHll mlnols, partlcu[~rly Ifmse with II M oo:ounts. 

I also hil~eeJIpelh!nce Inthe tribal trust lund Wllhdrawal prce,..; •. Durlnl m'ltanul'e at Merrill Lynch,' 

worked with three tribes that hildw!lhdrawn orwerewlthdr~wlngtho:[r trIl5tiunds trom_OST. t hiivlI 

knowlEdge of the wlthdralOr.l1 pra",ss liS setforlh In the Slirtute and th" developm""t of the 

tl'ibilf m~n .. ~m.nt plan. 

I ha~e e~perilsClln general trust duties and resplInslbllltles throueh Wgrkll1ll with t;..,nklng 

trustees In n~e1OUS IlIVllrlIgd leil$e trarn;actions dUring IllY career as a to/porat .. lawyer. TOOse lax· 

based lea,e $tTUGtures had banks o\Ji!rateas both eCjlllty and d~bttrustees lot thet"'nsactlon, and 

thelr duties were setforlh in th~ tlllSt docllmentation. While Ineverrcpresentedlllr\l5tee, my 

famlH;;IrIty with trust duties ar~IB 1rom flipresDntlnlj: both lender.; and borrowers. 

Finall¥, I have Induslryexperlen.:e In the ,,,,,,,,,tmen!: ofla,gesum. ortdbal assets. Whll1l1t M.rrlil 

lYndl,mv gt'(lUP managed over$l blU1~n In anet5,ln~llldlng aver $200 mllll,," In tribal 

assets. My .dvlsOlj' work Ino;!ullild asset managarruommandatlons for tribal cl!ents and I worked 

With Sevel'll11rlbes In the deVelopment oftrlbllllnVC;lment pclitles and guidelines. 
20


1211b4.eps

2, Why do you wIsh to s~rv~ b'I th~ po.ltlonforwhkh you ho~" bQen nomInatEd? 

I ~m well ;owa~ofth<> <halleni!'" fud~E the ~r:brTru<tM g/vt!n the retenthlstory of the Offil;(lof 

thll ~dal TfljJte~ f",' AmerIcan Indians lhereafter, "oST~1 and the le;al chillensu. ~<11T11l ofwhlcll 

are stlH unr~.olved. However, gwen my profes!lonallxperli1l~ilml pl!rWll~1 hlst"rywltb the on, I 

\mow that I can lead Ihe arganf:latlon In bulldlnlftrustwlth the trustbenafl~larIOli"lIId provIde 

tompe1:entmwitrdshlp ilnd IlliInagementoftrust il5iUI:l, 

3. Whatg<:l~15 hlI11uyou enabll~lecl foryourfirsttwoYe~rs in tIl;s po5itiM, If .c:onllrmed? 

I Intend 10 f~UOlN IhrDugh (In Department lolUatlvei currently In progress, paying partku1ar~ltentlon 

to Dny approprIate reo:ommendatimls from th~ CommIssion of Indlao Trust AdmInIstration and 

Reform. I also Intend 10 start" dIalogue with trwt IMlnefkllrin on ~u,h topics ,,$ flducla", d"lh~$ of 

the Spac1a1 Trustae and Investment edu~"tlan. 

4. Wh~tslills do you b~ncvc yoo m~ybe larldng whkh may be na~es!~ryto 5ucccs,luliy enrry Ollt 

this positIon? WhJt staps call be takan to obtalllttm~ ~kill~1 

I do lIotbollclIQ I am l~ckll1g any skills th.t arl! Il/!I:AuarytoulV1 ~ucC8ufI1I1V tllthl. pos/l;lan. 

5. Pleas~ discuss your phlk>sophlcal views on thE! mle of GDIIErnmEnt. Include a dlscyulonofwhen 

you bcllcvctlir:lgovommantshould Involve II:sI!lfln tha privatas~et<;n. when society's problem. should 

beleftto thl! pmrate~el:tor. iindwhatstimdard:i .hould be u~d to determine when:at !>OII~rnm~nt 

program I:; no longer necQS<~ry, 

Havlnll SFent the better Fart of m¥ profe$~I"nallif~ In the private !ector, I am well aware of tha 

po,"lbilltl~ and fimltatlons ofaddrMSlng sodety'!problems throllBh a private $cmorlens. The 

bottom Une Is the 'bottom line.' meaning, the prlvita n~or only operates In a for-profitworld,and 

simply mnnot uddfl!s5 a ~oclet;1 proble", If there Is no profit motive. Other th.1l IIhllinthrolll~ 

effgrt5, the Friv~teenterpr1se",u.;tbei<>cused on ,elf·pr~~efV,"ion orltwlll no rgnser be m. bUSIness. 

It Is Imperative lhat the country h<lli i strons. growing and ~~·sustainln!! private ,ector. 

The gQJIemm-ent h~s the lead role m. addre\~I"g sadety's prablell\$ w~en the prlllil'te sector no longer 

ha. a nv appetite for InV<llwemant ar tannDt meet the required demands without '""fllltlng profit. 

However, my belr..fls thatlovernmentand the prl .... t~ sertorare a ft>rmldable force When workIng 

together and can achieve fir more, coliectllll!ly, In addressing IhItse conevms. 

As for terminating a fed~ral prggr.tm, I would havatoaximlnlllheorl!lnw! ml,.hm oftll~ prOllr","", 

ind whit, Ifiny, were the p~rformanCl! standards established when thg progrom orlglnal.d, .would 

a.1e,. among other tIlln~: how has the program me: the needs of the const!tuenls and hult HIVed 11.5 

ml,.lon? averthe years, What did tho ~nnual perhrmance review. Indicate te tile leadership of the 
21


1211b5.eps

Pl'Ilfl,am1 /'In establl~ed med1ot1okle\l an!Wer1nlthese quesllQIl~would be lle~eS5ary prlorte any 

final determination ~nd Sl!eminglyestublbllille ratloneleforrermlnatlng ~ program. 

6. Describe tho current 011551,,", millor ~rollr~m .. ~nd major operotion~1 objectives of the 

depal'lmenl/agency to which \'Uu have been nomln<lled. 

The mission ofth. OSTls dear: 10 perform tile fiduciary Iru;t responslbllltles 10 benefklirla Rill 

provide effective slewardshlp and mall'lgement of tn.I$t ""5ets. The Speers! Trustee b charged wlth 

p~'m;;Tsht of \he Indi.n trust "WIt refDrm efforts and 10 ensure proper and effidenl dl5,harge of the 

floildilll"/ IrUstre5pOnslbilltleli k> 1nI~ ~nefh:larlG 

Major programs wille OST Include: Implementing tI1~ trust r.~",nl~ management I>rogrami 

e5ti1bll5hlng comrnunlcatlonswlth a dll/el"Segrpup ofsti!keholder~ abeut the Departmenl ",rthe 

Interior {"DOl"] and Itsttust reform IlIItlatlvesand OST's tribal ~e1f·£ovemance and Sl!1f.dett!rmlnatlan 

prosram: eondu~tlng clCamfnat!oM of Indian IN,! a:;~rt manDGement actlv1t11S lind n=~l;lrds 

management ~;sessments to en"~re the responslblllt1es ilnd record keeping actlviUe~ Involving Indian 

flducTarytrust procram record. ~re IncompUancewlth e~tablishedg\lldellnas am;! proc;'dUr~; 

a<;se~5Ing risk managementi malnlalntnr field operations necessary for providing benef1dary servIces 

and OST 'trust management sarl/lces; pravldlng approl'lill ~ervkes for beneficiaries: execl.ltlns tha 

hIstorical .ccoonllng of 11M aaounts; 3~d previdln, ",nRral trust services. 

OSTwuenat .. d tg en.U'" !;hat the DOl e.t3b!t.he< sPf't'Oprlat<> I"'lIclu and p.o~du.a., d<!~"IOp5 

nm;e5silry systems, and takes actions 10 reform the miminmcnt of Indian Irust funds. Fl.lrtnermere, 

OSThM3 dl.ltyto ensl.lre thaltrurt ac~cunt~ilre prop,..lyrnaintained,lnve!>tE!d. and raportld In 

ilctordilnce with thu Am'!flcan Indl~n Trost Fllnd Mallilgement Reform Act I1f 10194. Conr:resslonal 

aalon, and other appIlcilble laws. 

7. What do vou belktua to hethlt top three chaCenlles lacIn~th(' dcp~rtmeflt/"gel\cv and whV? 

The fiscal challengestothe Departn'lflnlarewell-known and significant. The Impact on th<'i trust 

~nefl~larie, wHi be fdt In terms efthe f1o.ltJclary rc$pOmlb1lltl~ s~t fartll in the OST &IIldallnss. It will 

certainly be challenging ta detel1ll1ne hoW tl> 2110~ate cuts and respanslbUltle5. 

AnlltharslEn1fi<antchallengewlll be In restoring the 'trust' in the OST !ram Ihe beneflci.ri ... • 

per.;pectlve. I\sslated.1 am an 11M ICC<lunthclderilnd _n·:fOImlflar .... it .. Ihe litigation hlsto..., aftha 

OSTilnd Itrertalnlydoes give Pile pauS<!. As Speclalrrustl).e I win work very hard to ilddress ~olltems 

of the beneficlarJcs, nat onlywoueh wcrdJ but with deeds. 

f'lnallv, I am concemed ab"ut the natu.e of the Investment portfolo and what wa~ld b", th", 

eonsequencu ofa prolonred InflatJOrIIry period. Asa prcre.;s!",nallnvestment clll1sullllnE,one 

always keeps a feculon inflailon ""d rtratcg\es to l1~dgll r1!lk and 10 Invest prudently. The thallenge 
22


1211b6.eps

will be to tommllnkate and edify benencl~rl ... about Investing, rhk ~nd stralegy durlnc chaUl!nlln. 

limes. 

8. In rerere'lce loquestlon numbEorsl~,what rnm.rs In'loorollin;cn huve ~eptthe 

departrne~t/a&em:v from ~chi<"lVing 1~ missions over the past savllral ~Il~fli? 

The ~obell C<I!e, and other tribal c:asas, ha~8 m~d8 ~ signlfl=rtlmpacl thl'OIrghout Indian CoUt'ltry 

and, no doobt, alfeded the OSTin Iu rllSponslbHltles as fldutiaty. ~semalur~, oo~pled with the 

continuing Ilttgat10n conCf!m<, wni be thel.gaqalthe Departm~nt. Reform efforiJ:3Sldl!,. It will be 

tmp"'lSlbie t" Ignore the Impact thlllltliatirm hE made on the 05'1. 

9. Whollfl! Ule ~tahhollielliJn Ih~ WQlkofthl:; dep~rtment/agaocy? 

The stBk8hgld~r5 of offIee of the Special TrU~Il'!e fur Am~lcalllndl~n. lin!! thl! Irult beneficiaries. 

10. Whatls the propefrolatlonshlp ~~~nthe pD'lUlontowhlch '(Ou h~vo b~on nomlnaled. and 

tho .lakeholder5IdE~tified In qu~;tton number nine? 

As prevlouslvstated, I am an itM"cr:ount ~older. limy! mfnenllnter",t:; ~nd re.trl<;tedland holdings 

W~lch are In Irtlstwlth!lIe 001. I do AllIin ooy potential conflict oflnt~esl wllh my being named 

Specl~1 Truitte ~nd havlngan 11M ~ccountbecau ... uponc",,/inmrllon I VIlli have re~~$ed my!elffrom 

certain actMtles of the Special Tru.tR& which would Irow any effect 011 my person.11I M account. 

11. The Chl~f Hnancr~1 Officers Act raq~lre~ all govemment departm~llts and agoncias to develop 

sound financlal manilPimilnt pra~t1c~~. 

a) What do yau bcllavE are )'(Jur r~spon51bllltl..,;, Ifconflrm~d. to ensure that your 

department/agency has proper m~nilr.cmcnt and :lCoountlng controls~ 

My r~5f>Onslbillty a~ Specbl Trustee will b&10 p!rform thl rDq~l:;lte f!d~dary dUll.,.; 0/ the position, 

which Includa"llIa rll5pol)'libill'tV 10 mure adequale management and accounllng sy$tcms ~re In 

place. Having nQI been prlvy!O the currentOSTsystem, I wlfl uncWlt;lkl.l the \;;'Iskol rarlewlngand 

nn~lyzlns I ..... house part!cular<, and will wOfk with the Department 10 eRSure effective elmn;..,; ~tl! 

Implemented ~nd perrorrnatlCe standard!; ne adcpbrd, If """,emrry. 

b] What Ill!perlenc~ coyou have In mana81nsa laf!ll! oreankiltion1 

As thlI ownerofTtM Nat1on~ GroUI>, LtC," NHI~e American Ilwn...,[ and managed Inv~'hnent 

cgMl,lltirn<;y, I ~m "ctl~~ly e~gaged In all m.nag.:lment de<1.I"n~ rans:lngfrom companv str~legic 

p!~nnlng!o mar~tlrre Ill .. business to ourlrlbal clIllntele. Doing business In Indian CoUntry raqui~. a 

culturally sensitive m:magernent apl'ro;och lmaru ... of the! unique nature of tbe clientele 3nd the 

o~r.l11 lack Dfformllln~estmem Inlnlllj lnthu marlwtpfaca. I made thO! ctltleal and e~pe",1v" 
23


1211b7.eps

decision to davtlQflln In\le$tment Bulde!!n!! and asmt a!!ocathm mede! 5p1!clikallV Julted fClr tribal 

risk profiles bel:i!~e 1 kncw tribes were undNserved. further, lhelnd~trvoflnvutments 15 Volst and 

d1namkllnd slncenotall Inwe.!tmlnts are$Ultable 10. tribal dlcnts, the management preceul& "uclill 

Indet~rmlnlngtlle dlrectlcll and scope cftlle buslnE!55. 

To be a suc~ In the In\leStm<mt IndllStfY 'Dr tflbe> also requlrti II hun abUity to carnmunll:i!tll 

compUcated lnvfltment theorIes to ttlbal decls1cn maker.; all of whIch Is p;lrt aftha mamlCflment 

style that I hue develClped for my marlier. I have tiuBItt lonstrnent ctesses 10 tribal leaders for a 

numbo=rofy<:ers Whl~h demon~tratt.myspadal aptitude and skillta speak to lav p4op!lI. furtl1"r, 

durtl'lil my tenure atMerrllllynth, thatrlbal m~rk~""'tulred me to pu!! resources from ~VMIII of 

MerrlWs bu,[ne5ses, many with tllelr own ~g<lmla5, and move these buslnes5ils to better serve the 

tribes In iI JTIilnnerthat wasclaiirand malle gooll busine.s semse. My bell~fls t;hatgood 

(ommunlcatlon not oniv ~efVC5 the cllootwell bUI creates an environment thatfo:;t~l'liquallty 

reiallon!illips. 

O~rlnl mvyaars In tlta IlBill profenion, I I!Iallagedlarcelegal5taffsthrougb numerous ~lrcr;ftllnd 

sblpplng finartClngs (IncludIng p3ral~al!, law cierk!, support staff lind Govijmmcntal liaIson). Tl>ese 

tranSlictions oft~n took months 10 dose, and evoo tflree y.;.ars In the eMil of; large cruls~ line new 

build. During tho course of a typical alrllM! finlnclflB, the firm may producc over !ifty documents, 

neh of w~'h may be revl$erl t'llimerous times prilll'tn closlojl. T1Ia manaBement of teams of lawyers 

and non-legal5laffsln document production requlr~ a ~ettlln buoyancy In slyle yet determination In 

aehlev1ne Ute coal af commet'(!al su«~. personalities are strang In the law firm settlnc, partlcularly 

across the negotla!!ng laIIle, Imd 1 eiio point to "hlstofv 01 ~ucc"'",,$whicll demoMtrll1l my 

management and negetiallng abOltle.o:. 

With resped to largegwemmllntill entitles, lwasconlraaed with the U.S. D~partmcntef Justke, 

AntltrustOlvls!on {~ODJ"}, and ~5$lgnedtotheTeletommunl<atlon5 Task Farce. I wor~ed on 

nUnlereus Inveu!Rations, Includ!nrth .. fl"t InVIIstlgatllln IIf the lntl!met ~nd oth~r wlecom mergers, 

all of which Included legal ;lnd non·Jl!gill staHlng, I was nat anI,. part of Ihe team effort but often 

O~ersaw the work product af II\«! non.legal staff r!!'/lewlnrvolumloous torporolu ~ubmls$lon$ln 

re~ponSl! te DOJ dlscovmyarders. Work preQuel of thIs nat~re raqulres the abll1ty to strl!C:ture the 

due dillieflealnvenlptian In a way thai ex~dltlMsly reviews thausands of ,orpol<lte d<>cumems. 

MV profe;s/onal eKperlenC<lincllllles such large-sc.le manaBem,nt CI!~abUities. 

12. The Government Performantfl and Results Att re(!uircs ~II SOI/cmmcnt depurtment,; and 

acencles to Identlfv meas!-,I'llble pcrform~n(~ go"', aoo to report to Congress on their SUCCiliN In 

Gtlltevingt;hcs~ rools.. 

~) Whatbcn~, if-any, <kl Vou see Inr~entlfVl~ pelformnncc goals and rcportitlgcn 

proBless in ~chlcving tnosegoa15? 
24


1211b8.eps

Institutions musthal'1l adopted Pl!rfurmalle610ak and review aS8 ront!nulngelfort 10 determine I! 

the organlzatkm'5mls~ Is ~111£ met. Tile ~nefits are dellr-the employee! know what's being 

asked of1hem and that their efforts are being gJl1sldered, thus, ~I~rlty of pllrp(Jl;c will allevim 

c,,"f~ian and keep the arganizatlon mQVlns In the RIme dlrec:tlon. 

bJ WhatstepS shQuld Cllnr.re~~cOll'ld(!ft~kif1gwhon" dapartment/agencyfall,to achle"'-! 

Its performance ti0als? ShQuldthc,o st~P5 include the ellmln~tlon.. prlvatlziltlon, downsizing, or 

CDnrolldatlon of departments and/er prllgr~m5? 

Thew OIllllned steps seem Ie be premawre In the senso thatwlwn, speaking a~8n InslitutlotJill 

~dvlsgr, p(!rformanc(! G<lats Dr!.! n<l! mct, the proper analysis would be to IllI1Imlne the 'why' behind 

the failure, and, lust "5 Imp<lrtant, were lite perrorman,e eoals proper In the first place. The 8"1~ 

tDUld beilsslmple "s underfundlng, no clarity ofpllrpo~, an DutilIII', amon, gtherlhlnp. lwould 

propose a methodical approachwtlkhwoll!d Indude underst"ndln~ the ~atllre <lflllefaUure before 

anv talk of tllon outll~e steps. 

~J What peri'gnTIallCOIIOalsco you belle'lle shoulli be appllcabl~ toyour pms"n~l 

performilnce, iF confirmed? 

In adcltlon to roals 5et by the Set;rtltllry,t would sUgge~t the "rlm~fi' p"rfcrmance goal would 1M! to 

act as a ffdu'l~ry ~nd Insure the proper management flf tlte trllst fuod. 

13. Please desaibo your philosophy cf supervlsor/employee. rel~tlonshlps. Gco~l<Jlly, wh~l 

supcrvl~ry mCidel do you fllIlCIW? Haveanyemployeecomplal~ts been brc~ght agnlnst you? 

What Is lmpQrtllnt to me !~ hiring I!Xcell~"t staff lmli keeping them well ... ralned as to their dillies and 

reliponlilbUltles. As a ~upefYl',"" I belieYe In d~I"&lIttng as Illu~h ~s po5s1ble, rilliln dl'(umstan",s 

withIn t~olPnfzllllon, I'm ~I'KI~ firm b"limleT In rontt~ulng edll~atl()f1,p~rtl,ularlyfor$easooed 

tmployees. I h1lve ne.verhad an !mployeebrlng mnycgmpJ:alnts "Il~lnst me. 

1'1. Dc,"fibe your working relatIonship, Ifany, with the Colljjrass. 0005 yo~r profes$lonal 

e~pcrlence Includ", workl~g with committe"" of ConG!Czs7 If '{fIS, pleMe explain. 

I haveno previous working relatlgnshlps wIth COTlllress Gl'any cOlT1mittoo of Congr",ss. 

15. Ploase explain what'iou beHeve 113 be Ihe proper rckltionshlp ~e(VJeen ygurself,lfccnflrmed, 

~T'd the Inspector G~ne",l of your department{agenq. 

I .elt.lnl ... believe In'" prnper re"ltionshlp be'\Ween the OST and tile InspectorGenerllt should bll gne 

of mutual respect. Government officials h~\le lhelr mandates aod dlltles aod uthl!r;,aendes and 

othe!' offi~lals should work togclber, llb~crrt some overrldlllG concern. 
25

The CHAIRWOMAN. Thank you, Mr. Logan. Again, thank you and 

welcome to your family that is here with you today. 

Obviously, after 20 years of reforms and litigation, do you have 

recommendations for Congress on what would help the Department 

carry out its trust responsibilities? 

Mr. LOGAN. Thank you, Senator, for that question. Obviously 

that is important to Native Americans, it is important to the 

United States. The fiduciary duty standard of care that is outlined 

by Congress in the Act is so important to all of us that I fully intend, if I am confirmed, to carry out those fiduciary duties to the 

highest level that I know and that I can, using my professional experience. 

I hope, and it is my desire to make sure that the Office of Special 

Trustee, if I am confirmed, continues with its work and we all understand that the fiduciary trust relationship is important to Native Americans and to the beneficiaries and tribal beneficiaries. 

The CHAIRWOMAN. What of the buyback program? How would 

you use the buyback program to help manage the trust assets? 

Mr. LOGAN. Thank you for that question. I know that question 

comes up often. It is important to Native Americans and to me personally. I must say that I am not a part of, obviously, Interior yet. 

A lot of the information is proprietary, and I wasn’t able to see exactly how the OST would relate to the buyback program and, therefore, I am not quite familiar with the specific job tasks assigned to 

the OST and the land buyback program. 

But if I am confirmed, I am happy to learn more and look forward to working with you on that issue. 

The CHAIRWOMAN. Why do you want to have this position? What 

interests you in this position? 

Mr. LOGAN. When I first had discussions about this position, the 

part that caught my eye was financial education. That is in the 

mandate, and it is in the act as Congress put forth. As I said in 

my opening statement, that is a passion of mine, financial education, not only on the institutional side, with the tribal boards and 

tribal investment boards, but the real work is with children and 

Native youth. That is ultimately the future of our people. 


1211b9.eps
26

It is clear that the Office of Special Trustee, while there are fiduciary duties to the beneficiaries that are so important, part of the 

mandate is also financial education. I know that that is the thing 

that caught my attention, and that is what I am seeking here 

today, if I am confirmed, to work on that to the best of my ability. 

Ultimately that is part of the doctrine of self-governance and of the 

trust relationship. 

The CHAIRWOMAN. But you are aware of the huge responsibility 

and the litigation that has preceded you. 

Mr. LOGAN. Certainly, Senator. I am an individual account holder myself. And I have been following the trust relationship since 

I was a child. The first time I visited with my parents to the Osage 

Agency was in the 1960s. I remember my father talking to the tribal and department officials at the time about his account and lease 

monies. So frankly, I have been aware of it a long time. And I respect all the work that has been put forth to date, and I am certainly well aware of the Cobell settlement. 

But for now, what I am focused on in this position is the current 

Act as it stands, and fulfilling my fiduciary duties and obligations 

in the current Act. 

The CHAIRWOMAN. Okay. Vice Chairman Barrasso, do you have 

any questions? 

Senator BARRASSO. I do, thank you very much, Madam Chairwoman. 

The Cobell settlement, which we are all well aware of, the Committee has spent a lot of time on it, established a $1.9 billion fund 

for the land buyback program, you are familiar with that, the purpose to purchase and consolidate these fractional interests in trust 

lands. The programs can require appraisals, carried out by the Office of Special Trustee. And there can be over 90,000 tracts of this 

fractionated land. 

It is going to take some time and it could be costly to put this 

all together. So I am just wondering what kind of a role you would 

see tribes having in assisting in the appraisals, conducting the appraisals and help there, and if you do see a role at all. 

Mr. LOGAN. Thank you for that question, Senator. As an account 

holder myself and a member of the Osage Nation, the role that the 

tribal community can put forth is through leadership and participation and consultation. The local communities know the land well, 

that is true for the Osage and I am sure that is true around the 

Country and in your State as well, and for your constituents. 

As I said earlier, I am aware of the appraisal piece to the Office 

of Special Trustee, but beyond that, I haven’t really lifted the hood 

and taken a peek in there to see exactly how it is going to work. 

But I am here to say that I am eager to learn more. 

Senator BARRASSO. You said the things that you knew a lot about 

you can bring to the table, law, investment and Native American 

issues. As we try to grapple with all of this, do you see different 

levels in terms of participation, of tribal financial literacy as you 

go from tribe to tribe and try to make some decisions? 

Mr. LOGAN. Yes. I have seen that in my career. As an institutional advisor, I have experienced tribes that were further down 

the road, that is for certain, they had established investment committees. We had, in my business, directed our efforts toward bringVerDate 0ct 09 2002 12:13 Mar 28, 2014 Jkt 087132 PO 00000 Frm 00030 Fmt 6633 Sfmt 6601 S:\DOCS\87132.TXT JACK
27

ing those up to speed with traditional institutional advisory levels. 

That would be adoption of investment guidelines and plans. 

But the majority of it, that was not the case. The investments 

were handled just locally, by a local financial advisor. And coming 

from New York and with institutional background, it was somewhat challenging to move the ball toward more institutional investments. 

But I will say one thing. Every time I was out there, and I visited tribes in your State, in all three States, in fact, it was possible, 

I did see people, no one was against it, they always said yes, but 

we need help. As a small business owner, it was not possible to 

provide those kinds of resources, but I know it is possible. 

Senator BARRASSO. In terms of other things that could be possible, just your thoughts on this, this was a response to the Committee questionnaire to you. You noted that restoring the trust of 

beneficiaries is a key challenge for the Office of Special Trustee. 

Possible, but I am just going to ask you specifically, because you 

cited the Office’s litigation history, and the law is something that 

you know about, as a reason for some of these concerns and the 

loss of trust that you referred to in your written questions. 

How do you intend to try to restore the trust and the confidence 

for the beneficiaries? 

Mr. LOGAN. Thank you for that question. Of course, when I wrote 

that, I was coming as an individual account holder. And my experience, with the Office of Special Trustee, was quite good. Personally 

I saw appraisals, I called the trust beneficiary call center twice and 

had immediate responses and satisfaction. 

But I know that a lot of the other individual account holders, 

that was probably not their experience. 

But I would say this, trust has to be earned. That is true in all 

businesses and in government. It comes through and is driven 

through leadership. That is why I am here before you today. Not 

only if I am confirmed to be the trustee, I will also be an advocate 

for and on behalf of the beneficiaries, and in turn, I will work to 

gain their trust as their trustee. 

Senator BARRASSO. Thank you. Thank you, Madam Chairwoman. 

The CHAIRWOMAN. Senator Tester, any questions for this witness? 

STATEMENT OF HON. JON TESTER,

U.S. SENATOR FROM MONTANA 

Senator TESTER. Yes, very quickly. 

You are a smart guy, first of all. Thank you for being willing to 

serve. 

From the 30,000 foot level, tell me what your definition of the 

trust relationship is. A lot of people in Congress aren’t even aware 

that there is a trust relationship. So from 30,000 feet, tell me what 

your definition of that relationship would be. 

Mr. LOGAN. Thank you for that question. I am going to speak as 

an Osage. The Assistant Chief laid out the history of our people. 

And that relationship between the Osage and the United States 

Government is what I consider one of the most important relationships there is. 

28

It wasn’t a matter of trust in the sense of a private sector or 

trust company. 

Senator TESTER. Different kind of trust. 

Mr. LOGAN. Right. It is a matter of that things were being done 

on your behalf, that the land was being taken care of, that whatever the actions of the Federal Government were being done, they 

were being done properly and they were being done professionally. 

That was in fact, for many in the Native American community, 

that was lost, you are absolutely right. 

You asked about what I see from above. I can tell you have that 

as a professional, it is difficult for me to look at the history as an 

investment professional and as an attorney and not know that 

there was a loss of trust. It is just going to be very difficult to regain that trust. 

But I will say that I am an optimist. I am an optimist by nature. 

And looking at it through one lawyer eye and one investment professional eye, I know it is possible, as I said. But no doubt it is 

clear, through the Cobell litigation that has been discussed in this 

room many times, it is going to be difficult. 

Senator TESTER. Yes, and that is what the next hearing is going 

to be about. You said something that was very important in that 

the local tribes knew the value of the land better than anybody. I 

think we ought to be taking into consideration, you ought to be 

looking to them for help. I know you are not long on staff, anyway, 

so it might be an opportunity to offload some of those duties, and 

hold them accountable in the process. 

Thank you, Madam Chair. 

The CHAIRWOMAN. Thank you. That concludes this hearing. 

Again, Mr. Logan, we hope to move your nomination very quickly 

here and get you working toward resolving many, many issues. 

This part of the hearing is adjourned. 

[Whereupon, at 2:25 p.m., the Committee proceed to other business.]

Æ