3.0.0 1459 2023-01-15T06:17:49Z 2023-01-15T06:17:49Z Senate S S 2003-07-25 108 slia00 Indian Affairs Committee Senate Other Referred to 2003-07-25T17:11:38Z American Indian Trust Fund Management Reform Act Amendments Act of 2003 108 2981 HR 2003-07-25 Referred to the House Committee on Resources. Identical bill CRS Companion bill Senate 2003-07-25 slia00 Indian Affairs Committee Senate Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S9964-9967) IntroReferral 2003-07-25 Sponsor introductory remarks on measure. (CR S9964) IntroReferral B00100 9 Library of Congress 2003-07-25 Introduced in Senate IntroReferral 10000 9 Library of Congress M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY N D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2003-07-25 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2003-07-25 True I000025 Sen. Inouye, Daniel K. [D-HI] DANIEL INOUYE D HI KEN 2003-07-31 False Native Americans Accounting Advice and consent of the Senate Animals Auditing Civil Rights and Liberties, Minority Issues Congress Congressional reporting requirements Department of the Interior Economics and Public Finance Executive reorganization Federal advisory bodies Federal officials Federal-Indian relations Finance and Financial Sector Financial statements Fishing Government Operations and Politics Government paperwork Government trust funds Hunting Indian lands Investment of public funds Landowners Law Leases Minorities Presidential appointments Public Lands and Natural Resources Rent Right of privacy Sports and Recreation Trusts and trustees Native Americans 00 2003-07-25 Introduced in Senate 2004-03-09T22:55:03Z American Indian Trust Fund Management Reform Act Amendments Act of 2003 - Amends the American Indian Trust Fund Management Reform Act of 1994 to revise the accounting duties of the Secretary of the Interior with respect to the daily and annual balances of all monies or proceeds derived from trust assets and funds held in trust by the United States for the benefit of an Indian tribe or an individual Indian. Requires an annual audit only for accounts with over $1,000 in trust funds, but for accounts with less than $1,000, only statistical sampling audit procedures of all such accounts grouped separately. Specifies minimum additional responsibilities of the Secretary.

Allows an Indian tribe to use authority granted to the tribe under the Indian Self-Determination and Education Assistance Act to manage Indian trust funds and trust assets without terminating the trust responsibility of the Secretary or the trust status of the funds and assets.

Replaces the current Office of Special Trustee for American Indians with a Deputy Secretary of the Interior for Indian Affairs to: (1) oversee the Bureau of Indian Affairs; (2) carry out all duties currently assigned to the Assistant Secretary for Indian Affairs; and (3) oversee all Indian trust fund and trust asset matters, and consult with Indian tribes and individual trust asset and trust fund account holders.

Establishes within the Office of the Secretary the Office of Trust Reform Implementation and Oversight, headed by such Deputy Secretary, to supervise and direct day-to-day activities concerning such assets or funds, including providing accurate inventories, revenue postings, monthly statements, and annual audits.

Establishes a Commission for Review of Indian Trust Fund Management Responsibilities to assess the fiduciary and management responsibilities of the Federal Government with respect to Indian tribes and individual Indian beneficiaries]]>

American Indian Trust Fund Management Reform Act Amendments Act of 2003 Display Title American Indian Trust Fund Management Reform Act Amendments Act of 2003 Official Title as Introduced A bill to provide for reform of management of Indian trust funds and assets under the jurisdiction of the Department of the Interior, and for other purposes. Introduced in Senate IS Short Titles as Introduced American Indian Trust Fund Management Reform Act Amendments Act of 2003 Introduced in Senate 2003-07-25T04:00:00Z 2003-07-25 Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S9964-9967) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.