3.0.0 175 2023-01-15T21:34:10Z 2023-01-15T21:34:10Z Senate S S 2003-01-15 108 slia00 Indian Affairs Committee Senate Other Referred to 2003-01-15T22:42:42Z 2003-01-15 slia00 Indian Affairs Committee Senate Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S862-865) IntroReferral 2003-01-15 Sponsor introductory remarks on measure. (CR S861-862) IntroReferral B00100 9 Library of Congress 2003-01-15 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 2003-01-15 True J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2003-01-15 True Native Americans Accounting Administrative procedure Advice and consent of the Senate Animals Auditing Coal Congress Congressional reporting requirements Department of the Interior Economics and Public Finance Energy Executive reorganization Federal advisory bodies Federal officials Federal-Indian relations Finance and Financial Sector Financial planning Financial statements Fishing Forests, forestry, trees Government Operations and Politics Government trust funds Hunting Indian lands Indian water rights Law Mines and mineral resources Minorities Natural gas Petroleum Presidential appointments Public Lands and Natural Resources Sovereignty Trusts and trustees Water Resources Development Wildlife Native Americans 00 2003-01-15 Introduced in Senate 2006-11-28T17:35:40Z Requires the development and implementation of an Indian Trust Fund and Trust Asset Management and Monitoring Plan by either an Indian tribe or the Secretary (in close consultation with the tribe). Requires the Plan to: (1) determine the amount and source of trust funds; (2) inventory trust assets; and (3) identify tribal and management objectives along with the actions necessary to achieve them. States that the trust relationship and an approved Plan can coexist.

Replaces the current Office of Special Trustee for American Indians with a Deputy Secretary for Trust Management and Reform to oversee all Indian trust fund and trust asset matters and to consult with Indian tribes and individual trust asset and trust fund account holders. Directs the Deputy Secretary to establish an advisory board on matters within the jurisdiction of the Office of Trust Reform.

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.

Directs the Deputy Secretary to establish a Tribal Task Force on Trust Reform to study and report to Congress on appropriate standards and procedures for inventorying and managing trust assets.]]>

Indian Trust Asset and Trust Fund Management and Reform Act of 2003 Display Title Indian Trust Asset and Trust Fund Management and Reform Act of 2003 Official Title as Introduced A bill to establish a direct line of authority for the Office of Trust Reform Implementation and Oversight to oversee the management and reform of Indian trust funds and assets under the jurisdiction of the Department of the Interior, and to advance tribal management of such funds and assets, pursuant to the Indian Self-Determination Act and for other purposes. Introduced in Senate IS Short Titles as Introduced Indian Trust Asset and Trust Fund Management and Reform Act of 2003 Introduced in Senate 2003-01-15T05:00:00Z 2003-01-15 Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S862-865) 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.