Tribal Economic Development Act of 2021
Last action on Jul 28, 2021Read twice and referred to the Committee on Finance.
Take Action
Summary
The Tribal Economic Development Act of 2021 aims to expand the ability of tribal governments and Alaska Native Corporations to fund community and economic development projects. The bill increases the national limit for Tribal Economic Development (TED) bonds to $4 billion and removes the restriction that these funds must be used exclusively on designated reservations. By allowing bond proceeds to be used by a broader range of Native-owned entities and permitting third-party repayment guarantees, the legislation seeks to make it easier for tribal communities to finance infrastructure, businesses, and local services.
AI-generated summary
Lifecycle of the Bill
No events recorded for this stage yet.
