US HB8066 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on August 14 2020 - 25% progression, died in committee
Action: 2020-08-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 14 2020 - 25% progression, died in committee
Action: 2020-08-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Tribal Economic Development Act of 2020
Sponsors
Rep. Don Young [R-AK] | Rep. Kim Schrier [D-WA] | Rep. Kathy Castor [D-FL] | Rep. Ann Kuster [D-NH] |
History
Date | Chamber | Action |
---|---|---|
2020-08-14 | House | Referred to the House Committee on Ways and Means. |
2020-08-14 | House | Referred to the Subcommittee on Select Revenue Measures. |
2020-08-14 | House | Introduced in House |
Same As/Similar To
SB4333 (Same As) 2020-07-28 - Read twice and referred to the Committee on Finance.
Subjects
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
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
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/8066/all-info |
Text | https://www.congress.gov/116/bills/hr8066/BILLS-116hr8066ih.pdf |