PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Indian Affairs.
Congressional Research Service
Version 00 · Introduced in Senate · Mar 25, 1999
Amends the American Indian Trust Fund Management Reform Act to direct the Secretary of the Interior to contract with qualified financial institutions that are regulated by a federal bank regulatory agency for the investment of all funds presently managed in trust status for Indian tribes and individual Indians, unless: (1) a tribe whose money is held in trust requests in writing that its funds continue to be invested by the Interior Department; or (2) contracting of a particular fund would be inconsistent with the U.S.'s trust responsibility or would contravene any provision of law specifically related to that fund. Requires the Secretary to afford a tribe an opportunity to designate in writing a qualified financial institution to manage its funds.
People & committees
Sen. Murkowski, Frank H. [R-AK] · R–AK
Legislative record
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Read twice and referred to the Committee on Indian Affairs.
Sponsor introductory remarks on measure. (CR S3468-3469)
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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