Tribal Economic Development Act of 2020
Latest action · Jul 28, 2020 Read twice and referred to the Committee on Finance.
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.
- IntroducedJul 28, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Tribal Economic Development Act of 2020
This bill 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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 28, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AK | Dan Sullivan | Original | Jul 28, 2020 |
Actions 2
Everything that happened, newest first.
- Jul 28, 2020Introduced in Senate
- Jul 28, 2020Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 8066 | Tribal Economic Development Act of 2020 | Identical bill | Aug 14, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- 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
Text 1
Each version as it was printed, newest first.
- Jul 28, 2020Introduced 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.