3.0.0 1758 2023-01-13T04:50:00Z 2023-01-13T04:50:00Z Senate S S 2005-09-22 109 hsii00 Natural Resources Committee House Standing Referred to 2005-09-26T20:07:08Z To amend the Indian Financing Act of 1974 to provide for sale and assignment of loans and underlying security, and for other purposes. 109 5780 HR 2006-07-18 Executive Comment Requested from Interior. Identical bill CRS 2005-09-26 Referred to the House Committee on Resources. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2005-09-26 Senate Message on Senate action sent to the House. Floor 2005-09-26 14:01:39 Received in the House. Floor H14000 2 House floor actions 2005-09-22 Senate Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S10388-10389; text as passed Senate: CR S10389) Floor 2005-09-22 Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S10388-10389; text as passed Senate: CR S10389) Floor 17000 9 Library of Congress 2005-09-22 Introduced in Senate IntroReferral 10000 9 Library of Congress M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY N D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE 2005-09-22 True Native Americans Community development banking Economics and Public Finance Federal aid to Indians Federally-assisted loans Federally-guaranteed loans Finance and Financial Sector Minorities Surety and fidelity Native Americans 00 2005-09-22 Introduced in Senate 2005-11-10T20:12:08Z Amends the Indian Financing Act of 1974 with respect to loan guaranty and insurance to: (1) authorize the Secretary of the Interior to guarantee or insure loans to both for-profit and nonprofit borrowers; and (2) allow all or any portion of a guaranteed or insured loan, including its security, to be transferred by the lender by sale or assignment to any person, and be retransferred by the transferee.

Allows a fiscal transfer agent to be compensated through any of the fees assessed and any interest earned on any funds or fees the agent has collected while the funds or fees are in the agent's control and before the time at which the agent is contractually required to transfer such funds to the Secretary or to transferees or other holders.

Makes loans made by an eligible Native American owned or operated Community Development Finance Institution eligible for guaranty or insurance.

Increases from $500 million to $1.5 billion the amount of loans the Bureau of Indian Affairs can have outstanding.

]]> 82 2005-09-22 Passed Senate without amendment 2005-11-02T21:33:18Z (This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Indian Financing Act of 1974 with respect to loan guaranty and insurance to: (1) authorize the Secretary of the Interior to guarantee or insure loans to both for-profit and nonprofit borrowers; and (2) allow all or any portion of a guaranteed or insured loan, including its security, to be transferred by the lender by sale or assignment to any person, and be retransferred by the transferee.

Allows a fiscal transfer agent to be compensated through any of the fees assessed and any interest earned on any funds or fees the agent has collected while the funds or fees are in the agent's control and before the time at which the agent is contractually required to transfer such funds to the Secretary or to transferees or other holders.

Makes loans made by an eligible Community Development Finance Institution eligible for guaranty or insurance.

Increases from $500 million to $1.5 billion the amount of loans the Bureau of Indian Affairs can have outstanding.

]]> A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes. Display Title A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes. Official Title as Introduced A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes. Referred in House 2005-09-26T04:00:00Z Engrossed in Senate 2005-09-22T04:00:00Z Considered and Passed Senate 2005-09-22T04:00:00Z 2005-09-26 Referred to the House Committee on Resources. 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.