A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes.
Latest action · Sep 26, 2005 Referred to the House Committee on Resources.
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.
- IntroducedSep 22, 2005
- Passed SenateSep 22, 2005
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Amends the Indian Financing Act of 1974 with respect to loan guaranty and insurance to: (1) authorize the Secretary of the Interior to guarantee or insure loans to both for-profit and nonprofit borrowers; and (2) allow all or any portion of a guaranteed or insured loan, including its security, to be transferred by the lender by sale or assignment to any person, and be retransferred by the transferee.
Allows a fiscal transfer agent to be compensated through any of the fees assessed and any interest earned on any funds or fees the agent has collected while the funds or fees are in the agent's control and before the time at which the agent is contractually required to transfer such funds to the Secretary or to transferees or other holders.
Makes loans made by an eligible Community Development Finance Institution eligible for guaranty or insurance.
Increases from $500 million to $1.5 billion the amount of loans the Bureau of Indian Affairs can have outstanding.
Cosponsors 1
Members who signed on, in the order they did. All signed on Sep 22, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-ND | Byron L. Dorgan | Original | Sep 22, 2005 |
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 Sep 26, 2005 |
Actions 5
Everything that happened, newest first.
- Sep 26, 2005Received in the House.
- Sep 26, 2005Message on Senate action sent to the House.
- Sep 26, 2005Referred to the House Committee on Resources.
- Sep 22, 2005Introduced in Senate
- Sep 22, 2005Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S10388-10389; text as passed Senate: CR S10389)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S10388Text printed S10388 | John McCain R-AZ, William H. Frist R-TN | Sep 22, 2005 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5780 | To amend the Indian Financing Act of 1974 to provide for sale and assignment of loans and underlying security, and for other purposes. | Identical bill | Jul 18, 2006 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Native Americans.
Text 3
Each version as it was printed, newest first.
- Sep 26, 2005Referred in House
- Sep 22, 2005Considered and Passed Senate
- Sep 22, 2005Engrossed in Senate
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.