To require the Secretary of the Interior to pay interest on Indian funds invested, to authorize demonstrations of new approaches for the management of Indian trust funds, to authorize demonstration programs to promote the development of energy resources on Indian lands, to clarify the trust responsibility of the United States with respect to Indians, to establish a program for the training and recruitment of Indians in the management of trust funds, and for other purposes.
Native American Trust Fund Accounting and Management Reform Act of 1993 - Title I: Trust Fund Interest Payments - Amends Federal law to change from discretionary to mandatory the authority of the Secretary of the Interior to invest Indian trust funds in debt obligations issued or guaranteed by the United States.
Requires the Secretary to pay interest periodically on such deposited or invested funds to the appropriate Indian tribe or individual Indian.
Repeals Federal law that relieves the United States from any liability relating to the interest payable on such invested funds.
Authorizes the Secretary to make payments to an Indian tribe or individual Indian in full satisfaction of any claim of such tribe or Indian for any interest owed on amounts deposited or invested on their behalf before the enactment of this Act.
Title II: Indian Trust Fund Management Demonstration Program - Authorizes an Indian tribe to submit to the Secretary a demonstration plan for new approaches to management of tribal or individual funds held in trust by the United States and managed by the Bureau of Indian Affairs (BIA) for a tribe or its members. Sets forth: (1) plan approval criteria; and (2) Federal trust responsibility in the case of tribal trust fund management.
Title III: Energy Resource Development on Indian Reservations - Directs the Secretary to establish a demonstration loan and grant program to assist Indian tribes to pursue energy self-sufficiency and to promote development of reservation energy industries.
Title IV: Recognition of Trust Responsibility - Amends Federal law to require the Secretary to take specified actions to properly discharge U.S. trust responsibilities with regard to Indian funds investment.
States that the Congress recognizes a trust responsibility with respect to natural resources on Indian reservations and trust lands.
Title V: Training and Personnel - Directs the Secretary to establish a trust fund management training program for Indians.
Introduced in House
Introduced in House
Referred to the House Committee on Interior and Insular Affairs.
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