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HR 8066 116th Congress House 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

Tribal Economic Development Act of 2020

Introduced: August 14, 2020 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 14, 2020
Referred to the House Committee on Ways and Means.
Aug 14, 2020
Referred to the Subcommittee on Select Revenue Measures.
Aug 14, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now August 14, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2