US Congress Senate Bill 4333 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on July 28 2020 - 25% progression, died in committee
Action: 2020-07-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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

Sen. Lisa Murkowski [R-AK]

Sen. Dan Sullivan [R-AK]

Date	Chamber	Action
2020-07-28	Senate	Read twice and referred to the Committee on Finance.

HB8066 (Same As) 2020-08-14 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4333/all-info
Text	https://www.congress.gov/116/bills/s4333/BILLS-116s4333is.pdf