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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Indian Financing Act of 1974, to provide for sale and assignment of loans and underlying security, and for other purposes.

Actions Overview (2)

09/22/2005Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S10388-10389; text as passed Senate: CR S10389)
09/22/2005Introduced in Senate

All Actions (4)

Date Chamber
09/26/2005HouseReferred to the House Committee on Resources.
09/26/2005SenateMessage on Senate action sent to the House.
09/26/2005-2:01pmHouseReceived in the House.
09/22/2005SenateIntroduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S10388-10389; text as passed Senate: CR S10389)

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Dorgan, Byron L. [D-ND]* 09/22/2005

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Resources09/26/2005 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Subjects (9)

Latest Summary (2)

There are 2 summaries for S.1758. View summaries

Shown Here:
Passed Senate without amendment (09/22/2005)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Indian Financing Act of 1974 with respect to loan guaranty and insurance to: (1) authorize the Secretary of the Interior to guarantee or insure loans to both for-profit and nonprofit borrowers; and (2) allow all or any portion of a guaranteed or insured loan, including its security, to be transferred by the lender by sale or assignment to any person, and be retransferred by the transferee.

Allows a fiscal transfer agent to be compensated through any of the fees assessed and any interest earned on any funds or fees the agent has collected while the funds or fees are in the agent's control and before the time at which the agent is contractually required to transfer such funds to the Secretary or to transferees or other holders.

Makes loans made by an eligible Community Development Finance Institution eligible for guaranty or insurance.

Increases from $500 million to $1.5 billion the amount of loans the Bureau of Indian Affairs can have outstanding.