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, and for other purposes.

[AI summary unavailable — showing source text] States as the purposes of this Act: (1) the promotion of industrial development and economic advancement within Indian communities through self-government and self-determination; (2) the authorization of tribal action designed to attract and retain private industry in Indian communities; and (3) the promotion of gainful employment of Indians. Declares that none of the provisions of this Act shall apply with respect to any tribe until the qualified resident voters of the tribe have voted to accept its provisions in a referendum. Directs the Secretary of the Interior to draft an optional model tribal business corporation act embodying the provisions and purposes of this Act for circulation to each tribe. Provides that each tribe may adopt such corporation act as part of its laws under standard election procedures, and after such adoption, the tribe shall be considered a body corporate with the powers prescribed in this Act. 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. Continues all lawful debts of the tribe. Authorizes Indian Tribes to: (1) use tribal money to attract new and ret…