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S. 70, Tribal Trust Land Homeownership Act of 2023 (CBO Report for Congress)

Congress 118th
Date Requested Feb. 15, 2023
Requested By Senate Committee on Indian Affairs
Date Sent May 12, 2023
Description:
S. 70 would require the Bureau of Indian Affairs (BIA) to process and review mortgage packages involving property located on tribal land held in trust by specified deadlines. The bill also would establish a position within BIA to serve as an intermediary between BIA and tribes, tribal members, and lenders. In addition, the bill would require BIA to provide relevant federal agencies and Indian tribes with access to the Trust Asset and Accounting Management System. Finally, S. 70 would require the Government Accountability Office (GAO) to report to the Congress about Indian tribes digitizing documents related to mortgages on their land.

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