S 723 · 119th Congress · Native Americans

Tribal Trust Land Homeownership Act of 2025

Introduced 2025-02-25· Sponsored by Sen. Thune, John [R-SD]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
4
House
5
Enacted
Latest: Presented to President.(2026-04-27)

Recorded Votes

PassedHouse · 2026-03-04
Roll #81
Yea 384Nay 40
Democrats
208 Yea·1 Nay
Republicans
176 Yea·39 Nay
PassedHouse · 2026-03-04
Roll #81
Yea 384Nay 40
Democrats
208 Yea·1 Nay
Republicans
176 Yea·39 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Tribal Trust Land Homeownership Act of 2025 This bill sets forth requirements for the processing of a proposed residential leasehold mortgage, business leasehold mortgage, land mortgage, or right-of-way document by the Bureau of Indian Affairs (BIA). The BIA must notify lenders upon receipt of such documentation, perform a preliminary review of such documents not later than 10 days after receipt, and approve or disapprove of such documents within 20 or 30 days, depending on the type of application. Additionally, the bill sets forth requirements for the BIA regarding (1) response times for the completion of certified title status reports, (2) notification of delays in processing, and (3) the form of notices and delivery of certain reports. The bill also provides relevant federal agencies and Indian tribes with read-only access to the Trust Asset and Accounting Management System maintained by the BIA. The Government Accountability Office must report on digitizing documents for the purpose of streamlining and expediting the completion of mortgage packages for residential mortgages on Indian land. Finally, the bill establishes within the BIA's Division of Real Estate Services the posit…

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

CBO Cost Estimate

Congressional Budget Office

S. 723, Tribal Trust Land Homeownership Act of 2025

May 28, 2025

As ordered reported by the Senate Committee on Indian Affairs on March 5, 2025

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (3)

1 Democrat2 Republicans