A bill to improve the economic conditions and supply of housing in Native American communities by creating the Native American Financial Services Organization, and for other purposes.
TABLE OF CONTENTS:
Title I: Native American Financial Services Organization
Title II: Capitalization of Organization
Title III: Regulation, Examination, and Reports
Title IV: Formation of New Corporation
Title V: Authorizations of Appropriations
Native American Financial Services Organization Act of 1997 - Sets forth the policy, purposes, and definitions with respect to this Act.
Title I: Native American Financial Services Organization - Establishes the Native American Financial Services 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.
Title II: Capitalization of Organization - Sets forth Organization capitalization provisions.
Title III: Regulation, Examination, and Reports - Sets forth Organization regulation, examination, and reporting requirements.
Title IV: Formation of New Corporation - Provides for the formation of a new Organization under the laws of any tribe, State, or the District of Columbia.
Title V: Authorizations of Appropriations - Authorizes appropriations for: (1) Native American Financial Institutions; and (2) the Organization.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5133-5134)
Read twice and referred to the Committee on Indian Affairs.
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