PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 379.
Congressional Research Service
Version 17 · Reported to House with amendment(s) · Sep 4, 2002
Indian Financing Act Reform Amendment - Amends the Indian Financing Act of 1974 to increase from $100,000 to $250,000 the amount of Bureau of Indian Affairs (BIA) insured loans a lender can offer to a borrower.Permits the transfer (currently sale or assign only) of insured or guaranteed loans made under such Act. Requires that the Secretary of the Interior be notified of such transfers.Continues the lender's obligation on the guarantee or insurance agreement, responsibility for servicing, and status as the secured creditor of record notwithstanding any transfer.Pledges the full faith and credit of the United States behind loan guarantees and loan insurance made under this Act.Authorizes the Secretary to recover damages from a lender for material breach of obligations under a guaranteed or insured loan.
People & committees
Rep. Bono, Mary [R-CA-44] · R–CA
Legislative record
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Placed on the Union Calendar, Calendar No. 379.
Reported (Amended) by the Committee on Resources. H. Rept. 107-630.
Reported (Amended) by the Committee on Resources. H. Rept. 107-630.
Ordered to be Reported (Amended) by Unanimous Consent.
Committee Consideration and Mark-up Session Held.
Committee Hearings Held.
Executive Comment Requested from Interior.
Referred to the House Committee on Resources.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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