HR 1846 · 103th Congress · Native Americans
Native American Trust Fund Accounting and Management Reform Act of 1993
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: For Further Action See H.R.4833.(1994-09-28)
Plain Language Summary
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TABLE OF CONTENTS: Title I: Trust Fund Interest Payments Title II: Indian Trust Fund Management Demonstration Program Title III: Recognition of Trust Responsibility Title IV: Training and Personnel Title V: Responsibility to Account for Indian Trust Funds Native American Trust Fund Accounting and Management Reform Act of 1993 - Title I: Trust Fund Interest Payments - Amends Federal law to change from discretionary to mandatory the authority of the Secretary of the Interior to invest Indian trust funds in debt obligations issued or guaranteed by the United States. Requires the Secretary to pay interest periodically on such deposited or invested funds to the appropriate Indian tribe or individual Indian. Repeals Federal law that relieves the United States from any liability relating to the interest payable on such invested funds. Authorizes the Secretary to make payments to an Indian tribe or individual Indian in full satisfaction of any claim of such tribe or Indian for any interest owed on amounts deposited or invested on their behalf before the enactment of this Act. Title II: Indian Trust Fund Management Demonstration Program - Authorizes an Indian tribe to submit to the Secretar…
Summarized by Claude AI · Non-partisan · For informational purposes only