3.0.0 4333 2023-01-11T13:45:34Z 2023-01-11T13:45:34Z Senate S 2020-07-28 116 ssfi00 Finance Committee Senate Standing Referred to 2020-07-28T16:33:23Z Tribal Economic Development Act of 2020 116 8066 HR 2020-08-14 Referred to the House Committee on Ways and Means. Identical bill CRS 2020-07-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-07-28 Introduced in Senate IntroReferral 10000 9 Library of Congress M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK N S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2020-07-28 True Taxation Alaska Natives and Hawaiians Business investment and capital Community life and organization Corporate finance and management Economic development Gambling Government lending and loan guarantees Housing and community development funding Indian social and development programs Securities State and local taxation Taxation 00 2020-07-28 Introduced in Senate 2020-09-24T17:08:52Z Tribal Economic Development Act of 2020

This bill amends provisions relating to tribal economic development (TED) bonds issued to promote community development projects in Alaskan Indian tribal areas.

Specifically, the bill increases the national tribal economic development bond limitation to $4 billion. It also eliminates the requirement that TED bond proceeds be used solely on Indian reservations and permits bond proceeds to be used for economic development by any qualified Native user which includes any tribal entity, Alaska Native Corporation, and entity that is majority-owned and controlled by an Indian tribe or Alaska Native Corporation. The bill also allows third parties to guarantee the repayment of TED bonds.

]]> Tribal Economic Development Act of 2020 Display Title Tribal Economic Development Act of 2020 Short Title(s) as Introduced Tribal Economic Development Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify the rules for tribal economic development bonds. Introduced in Senate IS Introduced in Senate 2020-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4333is/xml/BILLS-116s4333is.xml 2020-07-28 Read twice and referred to the Committee on Finance. 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.