S 519 · 108th Congress · Native Americans

Indian Tribal Development Corporation Feasibility Study Act of 2004

Introduced 2003-03-05· Sponsored by Sen. Campbell, Ben Nighthorse [R-CO]· Senate

Bill Progress

Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: Referred to the House Committee on Resources.(2004-11-20)

Plain Language Summary

[AI summary unavailable — showing source 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 Co…

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

CBO Cost Estimate

Congressional Budget Office

S. 519, Indian Tribal Development Corportion Feasibility Study Act of 2004

Oct 20, 2004

<p>Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on September 29, 2004</p>

Full CBO report ↗

S. 519, Indian Tribal Development Corportion Feasibility Study Act of 2004

Oct 20, 2004

Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on September 29, 2004

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office