A bill to provide a program for an "Operation Bootstrap" for the American Indian in order to create meaningful jobs and to improve conditions among Indians and non-Indians on reservations and in other communities.

[AI summary unavailable — showing source text] Authorizes Indian tribes to adopt, by majority vote, a constitution and bylaws, and provides that, upon adoption of such constitution and bylaws, a tribe shall be a corporate body with certain enumerated powers. States that such a tribe has the authority to acquire and dispose of real and personal property without the approval of the Secretary of the Interior. Provides that the tribe shall waive any claim against the United States arising out of such transactions, but states that the status of other claims against the United States shall not be affected by this Act. Continues all lawful debts of the tribe. Authorizes Indian Tribes to (1) use tribal money to attract new and retain other private which will employ at least 50 people on the reservation, (2) contract with private industry and with Federal, State and local governments, and (3) extend to private industry a waiver of tribal taxes for 15 years. Gives the Secretary a veto power over any per capita distribution of the tribe, but requires him to give reasons for such a veto. States that any person who establishes a new or retains a qualified private industry on a reservation occupied by a tribe shall qualify for the tax incent…