American Indian Trust Fund Management Reform Act of 1994
Became Public Law No: 103-412.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jul 26, 1994
TABLE OF CONTENTS: Title I: Special Trustee for American Indians Title II: Indian Trust Fund Management Demonstration Program Title III: Miscellaneous Title IV: Miscellaneous American Indian Trust Fund Management Reform Act of 1994 - States that the Secretary of the Interior (Secretary) is responsible for the management of Indian trust funds including tribal accounts and Individual Indian money accounts. Title I: Special Trustee for American Indians - Establishes in the Department of the Interior (Department) the Office of Special Trustee for American Indians which shall develop a comprehensive reform plan of the Secretary's trust responsibilities to Indian tribes, including oversight of reform efforts within the Bureau of Indian Affairs, the Bureau of Land Management, and the Minerals Management Service. Requires the Special Trustee to appoint an advisory board. Title II: Indian Trust Fund Management Demonstration Program - Authorizes an Indian tribe to submit to the Secretary a demonstration plan to directly manage tribal funds held in trust by the United States. Title III: Miscellaneous - Authorizes a tribe to elect to have the Secretary invest its tribal trust funds in a common stock fund and a fixed income fund. Establishes in the Department a Tribal Trust Fund Investment Board to oversee such investment and related activities. Title IV: Miscellaneous - Directs the Secretary to report to the appropriate congressional committee with respect to the reconciliation of each tribal trust fund account. Authorizes appropriations.
Considered as unfinished business. (consideration: CR H10613)
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. McCandless objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H10483-10488)
Mr. Richardson moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 426.
Reported (Amended) by the Committee on Natural Resources. H. Rept. 103-778.
Reported (Amended) by the Committee on Natural Resources. H. Rept. 103-778.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Hearings Held by the Subcommittee on Native American Affairs Prior to Referral.
Late Referral to the Subcommittee on Native American Affairs (Nov 30, 94).
Referred to the House Committee on Natural Resources.
Introduced in House
Introduced in House
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Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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