S 2017 · 107th Congress · Native Americans

Indian Financing Amendments Act of 2002

Introduced 2002-03-14· Sponsored by Sen. Campbell, Ben Nighthorse [R-CO]· Senate

Bill Progress

1
Introduced
2
Committee
Senate Vote
House
Enacted
Latest: Became Public Law No: 107-331.(2002-12-13)

Plain Language Summary

[AI summary unavailable — showing source text] Indian Financing Act Amendments of 2002 - Amends the Indian Financing Act of 1974 to permit the development of a secondary market in guaranteed loans made under such Act through loan transfer. Authorizes loan transfer (currently limited to sale or assignment), in whole or in part, both guaranteed and unguaranteed portions. Requires that the Secretary of the Interior be notified of such transfers. Allocates responsibility on the guarantee agreement, for servicing, and as the secured creditor of record after such transfers according to whether such portion/loan is guaranteed or unguaranteed. Requires the Secretary to provide for the central registration of transferred loans/loan portions through a fiscal transfer agent. Permits pooling of such transferred loans/loan portions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 2017, Indian Financing Amendments Act of 2002

Aug 27, 2002

<p>Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on August 1, 2002</p>

Full CBO report ↗

S. 2017, Indian Financing Amendments Act of 2002

Aug 27, 2002

Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on August 1, 2002

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (3)

2 Democrats1 Republican