Indian Financing Act Reform Amendment
Latest action · Sep 4, 2002 Placed on the Union Calendar, Calendar No. 379.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 5, 2001
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Permits the transfer (currently sale or assign only) of insured or guaranteed loans made under such Act. Requires that the Secretary of the Interior be notified of such transfers.
Continues the lender's obligation on the guarantee or insurance agreement, responsibility for servicing, and status as the secured creditor of record notwithstanding any transfer.
Pledges the full faith and credit of the United States behind loan guarantees and loan insurance made under this Act.
Authorizes the Secretary to recover damages from a lender for material breach of obligations under a guaranteed or insured loan.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Dec 5, 2001 to Jul 15, 2002; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Dale E. Kildee | Original | Dec 5, 2001 |
| R-MI | Dave Camp | Original | Dec 5, 2001 |
| R-AZ | J. D. Hayworth | Original | Dec 5, 2001 |
| D-RI | Patrick J. Kennedy | Original | Dec 5, 2001 |
| D-CA | Joe Baca | Dec 19, 2001 | |
| R-CA | Elton Gallegly | Jul 15, 2002 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Natural Resources Committee | Referred Dec 5, 2001Hearings Jul 17, 2002Markup Jul 24, 2002Reported Sep 4, 2002 |
Actions 8
Everything that happened, newest first.
- Sep 4, 2002Reported (Amended) by the Committee on Resources. H. Rept. 107-630.
- Sep 4, 2002Placed on the Union Calendar, Calendar No. 379.
- Jul 24, 2002Committee Consideration and Mark-up Session Held.
- Jul 24, 2002Ordered to be Reported (Amended) by Unanimous Consent.
- Jul 17, 2002Committee Hearings Held.
- Dec 11, 2001Executive Comment Requested from Interior.
- Dec 5, 2001Introduced in House
- Dec 5, 2001Referred to the House Committee on Resources.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimates 2
- Aug 28, 2002H.R. 3407, Indian Financing Act Reform Amendment<p>Cost estimate for the bill as ordered reported by the House Committee on Resources on July 24, 2002</p>
- Aug 28, 2002H.R. 3407, Indian Financing Act Reform AmendmentCost estimate for the bill as ordered reported by the House Committee on Resources on July 24, 2002
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 107-141 | THE COMPACTS OF FREE ASSOCIATION AND LEGISLATIVE HEARING ON H.R. 2408, H.R. 3407 AND H.R. 4938125 pages | Natural Resources Committee | Jul 17, 2002 |
| S. Hrg. 107-488 | INDIAN FINANCING ACT AMENDMENTS OF 200241 pages | Indian Affairs Committee | Apr 24, 2002 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2017 | Indian Financing Amendments Act of 2002 | Related bill | Dec 13, 2002 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Indian Financing Act of 1974 to improve the effectiveness of the Indian loan guarantee and insurance program.
- Short Titles as Introduced
- Indian Financing Act Reform Amendment
- Short Titles as Reported to House
- Indian Financing Act Reform Amendment
Subjects
Assigned by the Library of Congress. Policy area: Native Americans.
- Administrative procedure
- Damages
- Data banks
- Department of the Interior
- Economics and Public Finance
- Federal aid to Indians
- Federal-Indian relations
- Federally-guaranteed loans
- Fees
- Finance and Financial Sector
- Financial services
- Fraud
- Government contractors
- Government Operations and Politics
- Government paperwork
- Housing and Community Development
- Indian economic development
- Law
- Minorities
- Native Americans
- Science, Technology, Communications
Text 2
Each version as it was printed, newest first.
- Sep 4, 2002Reported in House
- Dec 5, 2001Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
