3.0.0 1607 2023-01-11T13:15:56Z 2023-01-11T13:15:56Z House H HR 2009-03-19 111 hsii00 Natural Resources Committee House Standing Referred to 2009-03-19T14:01:48Z Indian Development Finance Corporation Act 111 439 S 2010-04-29 Committee on Indian Affairs. Hearings held. Hearings printed: S.Hrg. 111-631. Related bill CRS 2009-03-19 Referred to the House Committee on Natural Resources. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2009-03-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-03-19 Introduced in House IntroReferral 1000 9 Library of Congress F000010 Del. Faleomavaega, Eni F. H. [D-AS-At Large] Eni Faleomavaega D AS F. H. N K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2009-05-18 False Native Americans Advisory bodies Business investment and capital Economic development Government corporations and government-sponsored enterprises Government lending and loan guarantees Indian social and development programs Minority and disadvantaged businesses Securities Native Americans 00 2009-03-19 Introduced in House 2009-04-14T20:52:19Z Indian Development Finance Corporation Act - Establishes the Indian Development Finance Corporation to provide development capital for new and existing Indian businesses and to strengthen tribal economies.

Authorizes the Corporation to make loans to or purchase, insure, or discount obligations of Indian businesses if they meet specified financial conditions.

Directs the Corporation to provide the credit needed by Indian businesses at the lowest reasonable cost.

Authorizes the Corporation to guarantee all or any part of the principal and interest of any loan made to an Indian business by a state or federally chartered lending institution, provided the loan was made on terms permissible for Corporation loans.

Authorizes the Corporation to purchase all or any part of the ownership interest in an Indian business and to supervise or participate in the management of such business.

Establishes the Advisory Council to the Indian Development Finance Corporation to provide advice on the policies and operations of the Corporation.

Authorizes the Corporation to issue stock. Allows shares of stock in the Corporation to be issued to and held by Indian Tribes and the United States only.

Authorizes the Corporation to issue a limited amount of bonds and notes.

Authorizes appropriations for general operating expenses and for the purchase of Corporation stock by the Secretary.]]>

Indian Development Finance Corporation Act Display Title Indian Development Finance Corporation Act Official Title as Introduced To provide for and promote the economic development of Indian tribes by furnishing the necessary capital, financial services, and technical assistance to Indian-owned business enterprises, to stimulate the development of the private sector of Indian tribal economies, and for other purposes. Introduced in House IH Short Titles as Introduced Indian Development Finance Corporation Act Introduced in House 2009-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1607ih/xml/BILLS-111hr1607ih.xml 2009-03-19 Referred to the House Committee on Natural 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.