Summary: H.R.5277 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.5277. Bill summaries are authored by CRS.

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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.