Native American Trust Fund Accounting and Management Reform Act of 1993

Summary

TABLE OF CONTENTS: Title I: Trust Fund Interest Payments Title II: Indian Trust Fund Management Demonstration Program Title III: Recognition of Trust Responsibility Title IV: Training and Personnel Title V: Responsibility to Account for Indian Trust Funds Native American Trust Fund Accounting and Management Reform Act of 1993 - Title I: Trust Fund Interest Payments - Amends Federal law to change from discretionary to mandatory the authority of the Secretary of the Interior to invest Indian trust funds in debt obligations issued or guaranteed by the United States. Requires the Secretary to pay interest periodically on such deposited or invested funds to the appropriate Indian tribe or individual Indian. Repeals Federal law that relieves the United States from any liability relating to the interest payable on such invested funds. Authorizes the Secretary to make payments to an Indian tribe or individual Indian in full satisfaction of any claim of such tribe or Indian for any interest owed on amounts deposited or invested on their behalf before the enactment of this Act. Title II: Indian Trust Fund Management Demonstration Program - Authorizes an Indian tribe to submit to the Secretary a demonstration plan for new approaches to management of tribal or individual funds held in trust by the United States and managed by the Bureau of Indian Affairs (BIA) for a tribe or its members. Sets forth: (1) plan approval criteria; and (2) Federal trust responsibility in the case of tribal trust fund management. Provides for voluntary withdrawal of program funds. Title III: Recognition of Trust Responsibility - Amends Federal law to require the Secretary to take specified actions to properly discharge U.S. trust responsibilities with regard to Indian funds investment. States that the Congress recognizes a trust responsibility with respect to natural resources on Indian reservations and trust lands. Title IV: Training and Personnel - Directs the Secretary to establish a trust fund management training program for Indians. Title V: Responsibility to Account for Indian Trust Funds - Requires the Secretary to: (1) account for daily and annual balances of Indian trust funds; and (2) provide periodic performance statements.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 April 1993

   Introduced

   Referred to the House Committee on Natural Resources.

   Source: IntroReferral

2. 22 April 1993

   Introduced

   Sponsor introductory remarks on measure. (CR E1016-1017)

   Source: IntroReferral

3. 22 April 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 April 1993

   Introduced

   Introduced in House

   Source: IntroReferral

5. 2 June 1993

   Referred

   Referred to the Subcommittee on Native American Affairs.

   Source: Committee

6. 11 August 1994

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 28 September 1994

   Committee

   For Further Action See H.R.4833.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 April 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 April 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 April 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 22 April 1993

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  Vertaal document

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Sponsors

• Rep. Synar, Mike [D-OK-2] · D · Sponsor
• · hsii00 · Standing

Related records

• related to ← American Indian Trust Fund Management Reform Act of 1994
• related to ← Native American Trust Fund Accounting and Management Reform Act of 1993