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H.R.1846 / 103rd Congress

Native American Trust Fund Accounting and Management Reform Act of 1993

For Further Action See H.R.4833.

Official summary

Version 00 · Introduced in House · Apr 22, 1993

TABLE OF CONTENTS: Title I: Trust Fund Interest Payments Title II: Indian Trust Fund Management Demonstration Program Title III: Recognition of Trust Responsibility Title IV: Training and Personnel Title V: Responsibility to Account for Indian Trust Funds Native American Trust Fund Accounting and Management Reform Act of 1993 - Title I: Trust Fund Interest Payments - Amends Federal law to change from discretionary to mandatory the authority of the Secretary of the Interior to invest Indian trust funds in debt obligations issued or guaranteed by the United States. Requires the Secretary to pay interest periodically on such deposited or invested funds to the appropriate Indian tribe or individual Indian. Repeals Federal law that relieves the United States from any liability relating to the interest payable on such invested funds. Authorizes the Secretary to make payments to an Indian tribe or individual Indian in full satisfaction of any claim of such tribe or Indian for any interest owed on amounts deposited or invested on their behalf before the enactment of this Act. Title II: Indian Trust Fund Management Demonstration Program - Authorizes an Indian tribe to submit to the Secretary a demonstration plan for new approaches to management of tribal or individual funds held in trust by the United States and managed by the Bureau of Indian Affairs (BIA) for a tribe or its members. Sets forth: (1) plan approval criteria; and (2) Federal trust responsibility in the case of tribal trust fund management. Provides for voluntary withdrawal of program funds. Title III: Recognition of Trust Responsibility - Amends Federal law to require the Secretary to take specified actions to properly discharge U.S. trust responsibilities with regard to Indian funds investment. States that the Congress recognizes a trust responsibility with respect to natural resources on Indian reservations and trust lands. Title IV: Training and Personnel - Directs the Secretary to establish a trust fund management training program for Indians. Title V: Responsibility to Account for Indian Trust Funds - Requires the Secretary to: (1) account for daily and annual balances of Indian trust funds; and (2) provide periodic performance statements.

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Who introduced it

Rep. Synar, Mike [D-OK-2] · D–OK

Committees

  • Natural Resources Committee
0 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. For Further Action See H.R.4833.

    2. Subcommittee Hearings Held.

    3. Referred to the Subcommittee on Native American Affairs.

    4. Referred to the House Committee on Natural Resources.

    5. Sponsor introductory remarks on measure. (CR E1016-1017)

    6. Introduced in House

    7. Introduced in House

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