PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 01 · Reported to Senate with amendment(s) · Aug 28, 2002
Indian Financing Act Amendments of 2002 - 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 development of a secondary market in guaranteed or insured loans made under such Act through loan transfer.Authorizes loan transfer (currently limited to sale or assignment), in whole or in part, both guaranteed/insured and unguaranteed/uninsured portions.Requires that the Secretary of the Interior be notified of such transfers.Allocates responsibility on the loan agreement, for servicing, and as the secured creditor of record after such transfers according to whether such portion/loan is guaranteed/insured or unguaranteed/uninsured.Pledges the full faith and credit of the United States behind loan guarantees and loan insurance made under this Act.Requires the Secretary to provide for the central registration of transferred loans/loan portions through a fiscal transfer agent.Permits pooling of such transferred loans/loan portions.
People & committees
Sen. Campbell, Ben Nighthorse [R-CO] · R–CO
Legislative record
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Became Public Law No: 107-331.
Became Public Law No: 107-331.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Senate agreed to the House amendment to the Senate bill by Unanimous Consent. (consideration: CR S11773-11783; text as Senate agreed to House amendment: CR S11773-11783)
Resolving differences -- Senate actions: Senate agreed to the House amendment to the Senate bill by Unanimous Consent.(consideration: CR S11773-11783; text as Senate agreed to House amendment: CR S11773-11783)
Message on House action received in Senate and at desk: House amendment to Senate bill.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed without objection.
Passed/agreed to in House: On passage Passed without objection.
Considered by unanimous consent. (consideration: CR 11/14/2002 H8912-8923; text as passed Senate: CR 11/14/2002 H8912-8913)
Mr. Hansen asked unanimous consent to consider in the House.
Held at the desk.
Received in the House.
Message on Senate action sent to the House.
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S8694-8696; text of measure as reported in Senate: CR S8694-8695; text as passed Senate: CR S8695-8696)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S8694-8696; text of measure as reported in Senate: CR S8694-8695; text as passed Senate: CR S8695-8696)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 558.
Committee on Indian Affairs. Reported by Senator Inouye under authority of the order of the Senate of 07/29/2002 with an amendment in the nature of a substitute. With written report No. 107-249.
Committee on Indian Affairs. Reported by Senator Inouye under authority of the order of the Senate of 07/29/2002 with an amendment in the nature of a substitute. With written report No. 107-249.
Committee on Indian Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 107-488.
Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S1939-1940)
Sponsor introductory remarks on measure. (CR S1938-1939)
Introduced in Senate
Primary sources
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Source last updated: Jun 20, 2025. Consult Congress.gov for the current record.
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