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Tribal Economic Development: Bond Limit Increase and Tax Exemptions

This act doubles the national limit for tribal economic development bonds, making more funds available for investments in Native communities. It simplifies financing for projects that create jobs and improve living conditions by making interest on these bonds tax-exempt.
Key points
Increased Funding: The national limit for tribal economic development bonds is raised from $2 billion to $4 billion, providing more capital for economic projects.
Tax Benefits: Interest on these bonds is now exempt from tax, making them more appealing to investors and easier to issue.
Support for Native Entities: Bonds can fund projects by tribal governments, Native Corporations, and other entities where tribes hold significant ownership, excluding gaming activities.
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Additional Information
Print number: 117_S_2523
Sponsor: Sen. Murkowski, Lisa [R-AK]
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_S_2523.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-28.

What are the main provisions?

Key points include:

  • Increased Funding: The national limit for tribal economic development bonds is raised from $2 billion to $4 billion, providing more capital for economic projects.
  • Tax Benefits: Interest on these bonds is now exempt from tax, making them more appealing to investors and easier to issue.
  • Support for Native Entities: Bonds can fund projects by tribal governments, Native Corporations, and other entities where tribes hold significant ownership, excluding gaming 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 Sen. Murkowski, Lisa [R-AK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments Taxes