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Support for Tribal Economic Development through Bonds

This act doubles the limit on bonds supporting tribal economic development, making it easier for Native American tribes to raise funds for investments. Interest on these bonds will be tax-exempt, potentially attracting more investors and accelerating local community development.
Key points
Increases the limit for tribal economic development bonds from $2 billion to $4 billion, meaning more funds available for projects.
Interest on these bonds will be tax-exempt, making them more attractive to buyers and lowering financing costs for tribes.
Funds from bonds must be used for economic development, excluding the financing of casinos and gambling activities.
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Expired
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No votes cast
Additional Information
Print number: 117_HR_4784
Sponsor: Rep. Young, Don [R-AK-At Large]
Process start date: 2021-07-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tribal Economic Development Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4784.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-28.

What are the main provisions?

Key points include:

  • Increases the limit for tribal economic development bonds from $2 billion to $4 billion, meaning more funds available for projects.
  • Interest on these bonds will be tax-exempt, making them more attractive to buyers and lowering financing costs for tribes.
  • Funds from bonds must be used for economic development, excluding the financing of casinos and gambling activities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Young, Don [R-AK-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy Public Investments