H.R.5277 - To address the need for private financing of home ownership and economic development on and near reservation lands, and for other purposes.103rd Congress (1993-1994)
|Sponsor:||Rep. Richardson, Bill [D-NM-3] (Introduced 10/07/1994)(by request)|
|Committees:||House - Banking, Finance, and Urban Affrs|
|Latest Action:||11/08/1994 Referred to the Subcommittee on Economic Growth and Credit Formation. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5277 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (10/07/1994)
Native American Financial Services Organization Act of 1994 - Establishes the Native American Financial Services Organization (Organization) to assist in improving Native American housing and economic situations including the creation of Native American Financial Institutions.
Authorizes a Native American lending services grant.
Sets forth Organization regulation capitalization provisions.
Sets forth Organization regulation, examination, and reporting provisions. Provides for the formation of a new Organization under the laws of any Tribe, State, or the District of Columbia.
Authorizes appropriations for: (1) Native American Financial Institutions; and (2) the Organization.