Indian Tribal Development Corporation Feasibility Study Act of 2004

Bill: 108-s-519
Sponsor: Sen. Campbell, Ben Nighthorse [R-CO]
Introduced: 2003-03-05 in the Senate
Policy area: Native Americans
Subjects: Alaska
Auditing
Capital
Capital investments
Civil Rights and Liberties, Minority Issues
Commerce
Community development banking
Congress
Congressional investigations
Congressional reporting requirements
Consumer credit
Corporate mergers
Corporations
Discrimination in consumer credit
Economic impact statements
Economics and Public Finance
Federal advisory bodies
Federal aid to Indians
Finance and Financial Sector
Financial statements
Government Operations and Politics
Government corporations
Governmental investigations
Housing and Community Development
Indian economic development
Indian housing
Minorities
Mortgage banks
Mortgages
Secondary mortgage market

Summary:
action_date: 2003-03-05
text: Native American Capital Formation and Economic Development Act of 2003 - Establishes the Native American Capital Development Corporation (Corporation).
Authorizes the Corporation to: (1) assist in the planning, establishment, and organization of Native American financial institutions; (2) develop and provide financial expertise and technical assistance to Native American financial institutions; (3) develop and provide specialized technical assistance on overcoming barriers to primary mortgage lending on Native American land; (4) provide mortgage underwriting assistance; (5) work with participants in the secondary market for home mortgage instruments in identifying and eliminating barriers to purchase Native American mortgage loans; (6) obtain capital investments in the Corporation; and (7) act as an information clearing house.
Authorizes the Secretary of Housing and Urban Development to award grants to the Corporation to provide technical assistance and other services to Native American financial institutions.
Requires the Corporation Board of Directors to establish an Advisory Council to advise it on policy matters and provide information from all sectors of the Native American Community.
Specifies the capitalization of the Corporation. Subjects it to the regulatory authority of the Department of Housing and Urban Development. Requires the formation of a new corporation after ten years and merger of the Corporation into it.
Establishes within the Corporation: (1) the Native American Economies Diagnostic Studies Fund to be used to strengthen Indian tribal economies by supporting investment policy reforms and technical assistance to eligible Indian Tribes; and (2) the Native American Economic Incubation Center Fund to ensure that resources dedicated to Native American economic development are provided to their intended destinations.
action_date: 2004-11-10
text: 
Indian Tribal Development Corporation Feasibility Study Act of 2004 - Amends the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to direct the Secretary of Commerce to establish the Tribal Development Corporation Feasibility Study Group to study and report to Congress on the feasibility of establishing an Indian Tribal Development Corporation. Authorizes appropriations for FY 2005 and 2006.

action_date: 2004-11-19
text: 

(This measure has not been amended since it was reported to the Senate on November 10, 2004. The summary of that version is repeated here.)

 
Indian Tribal Development Corporation Feasibility Study Act of 2004 - Amends the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to direct the Secretary of Commerce to establish the Tribal Development Corporation Feasibility Study Group to study and report to Congress on the feasibility of establishing an Indian Tribal Development Corporation. Authorizes appropriations for FY 2005 and 2006.


Legislative actions:
action_date: 2004-11-20
text: Referred to the House Committee on Resources.
action_date: 2004-11-20
text: Received in the House.
action_date: 2004-11-20
text: Message on Senate action sent to the House.
action_date: 2004-11-19
text: Passed Senate with an amendment and an amendment to the Title by Unanimous Consent. (consideration: CR S11566-11584; text as passed Senate: CR S11576; text of measure as reported in Senate: CR S11572-11576)
action_date: 2004-11-19
text: Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Unanimous Consent.(consideration: CR S11566-11584; text as passed Senate: CR S11576; text of measure as reported in Senate: CR S11572-11576)
action_date: 2004-11-10
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 795.
action_date: 2004-11-10
text: Committee on Indian Affairs. Reported by Senator Campbell under authority of the order of the Senate of 10/11/04 with an amendment in the nature of a substitute and an amendment to the title. With written report No. 108-404.
action_date: 2004-11-10
text: Committee on Indian Affairs. Reported by Senator Campbell under authority of the order of the Senate of 10/11/04 with an amendment in the nature of a substitute and an amendment to the title. With written report No. 108-404.
action_date: 2004-09-29
text: Committee on Indian Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
action_date: 2004-07-21
text: Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 108-673.
action_date: 2003-04-30
text: Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 108-75.
action_date: 2003-03-05
text: Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S3167-3171)
action_date: 2003-03-05
text: Sponsor introductory remarks on measure. (CR S3167)
action_date: 2003-03-05
text: Introduced in Senate