American Indian Trust Fund Management Reform Act Amendments of 1995

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American Indian Trust Fund 
Management Reform Act Amendments of 1995''.

SEC. 2. ADMINISTRATIVE AUTHORITIES OF THE OFFICE OF SPECIAL TRUSTEE.

    (a) In General.--Section 303(b)(2) of the American Indian Trust 
Fund Management Reform Act of 1994 (25 U.S.C. 4043(b)(2)) is amended--
            (1) by striking the paragraph heading and inserting the 
        following new heading: ``Administration of financial trust 
        services.--''
            (2) by redesignating subparagraphs (A) through (C) as 
        subparagraphs (B) through (D), respectively; and
            (3) by inserting before subparagraph (B), as so 
        redesignated, the following new subparagraph:
                    ``(A) Administrative authority.--The Office of 
                Special Trustee shall have direct administrative 
                authority over the human and financial resources 
                supporting the provision of financial trust services 
                and functions to Indian tribes and Indian individuals 
                administered by the Bureau on the day before the date 
                of enactment of the American Indian Trust Fund 
                Management Reform Act Amendments of 1995.''.
    (b) Transfer of Functions.--The Secretary of the Interior shall 
transfer to the Office of Special Trustee for American Indians 
established under section 302 of the American Indian Trust Fund 
Management Reform Act of 1994 (25 U.S.C. 4042) the functions and 
services of the Bureau of Indian Affairs relating to the administration 
of human and financial resources supporting the provision of financial 
trust services and functions to Indian tribes and Indian individuals in 
a manner consistent with section 303(b)(2)(A) of that Act, as amended 
by subsection (a).
    (c) Administrative Support Services.--
            (1) In general.--Subject to paragraph (2), for fiscal year 
        1996, the Secretary of the Interior shall ensure that, to the 
        extent practicable, the Bureau of Indian Affairs provides 
        administrative support services for the financial trust 
        functions and services transferred to the Office of Special 
        Trustee for American Indians under subsection (b) at a level 
        that is comparable to the level of administrative support 
        services provided by the Bureau of Indian Affairs to support 
        those financial trust functions and services during fiscal year 
        1995.
            (2) Effect of reduction in funding.--If, for fiscal year 
        1996, the amount of funds made available by appropriations for 
        the Bureau of Indian Affairs for general administrative support 
        services is less than the amount made available for such 
        purposes for fiscal year 1995, the Secretary shall determine 
        the level of administrative support services described in 
        paragraph (1) to be provided for fiscal year 1996 on a pro rata 
        basis, taking into account the total amount of funds made 
        available by appropriations for the Bureau for general 
        administrative support services.

SEC. 3. OFFICE OF SPECIAL TRUSTEE.

    Section 302(b) of the American Indian Trust Fund Management Reform 
Act of 1994 (25 U.S.C. 4042(b)) is amended by adding at the end the 
following new paragraph:
            ``(3) Term of special trustee.--
                    ``(A) In general.--Except as provided in 
                subparagraphs (B) and (C), the Special Trustee shall 
                serve for a term of 4 years.
                    ``(B) Termination of office.--If, pursuant to 
                subsection (c), the Office of Special Trustee is 
                terminated prior to the expiration of the term 
                specified in subparagraph (A), the term of the Special 
                Trustee shall expire on the termination date determined 
                under that subsection.
                    ``(C) Vacancy.--If a vacancy occurs prior to the 
                expiration of the term of the Special Trustee, the 
                vacancy shall be filled in the same manner as the 
                original appointment and, except as provided in 
                subparagraph (B), the individual appointed to succeed 
                shall serve for the unexpired portion of that term.''.

SEC. 4. CONFORMING AMENDMENTS.

    Section 303 of the American Indian Trust Fund Management Reform Act 
of 1994 (25 U.S.C. 4043), as amended by section 2, is further amended--
            (1) in subsection (b)(2)--
                    (A) in subparagraph (B)--
                            (i) by striking ``the Bureau'' and 
                        inserting ``the Department''; and
                            (ii) by striking ``holders,'' and inserting 
                        ``holders'';
                    (B) in subparagraph (C), by striking ``that the 
                Bureau establishes'' and inserting ``the establishment 
                of''; and
                    (C) in subparagraph (D), by striking ``that the 
                Bureau establishes'' and inserting ``the establishment 
                of''; and
            (2) in subsection (c)--
                    (A) in paragraph (2), by striking ``Bureau'' each 
                place it appears and inserting ``Office''; and
                    (B) in paragraph (3), by striking ``Bureau'' each 
                place it appears and inserting ``Office''.

Summary: American Indian Trust Fund Management Reform Act Amendments of 1995 - Amends the American Indian Trust Fund Management Reform Act of 1994 to grant the Office of Special Trustee for American Indians (of the Department of the Interior) direct administrative authority over the human and financial resources supporting the provision of Indian financial trust services.  Provides for the transfer of such functions from the Bureau of Indian Affairs to the Office. 
Establishes a four-year term of Special Trustee, unless otherwise terminated.