S. 3679 (112th): Indian Trust Asset Reform Act

Introduced:
Dec 13, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Michael Crapo
Senior Senator from Idaho
Party
Republican
Text
Read Text »
Last Updated
Dec 13, 2012
Length
34 pages
Related Bills
S. 165 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 28, 2013

H.R. 6617 (identical)

Referred to Committee
Last Action: Nov 29, 2012

 
Status

This bill was introduced on December 13, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 13, 2012
Referred to Committee Dec 13, 2012
 
Full Title

A bill to provide for Indian trust asset management reform, and for other purposes.

Summary

No summaries available.

Cosponsors
1 cosponsors (1R) (show)
Committees

Senate Indian Affairs

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


12/13/2012--Introduced.
Indian Trust Asset Reform Act - Reaffirms the federal government's fiduciary responsibilities to Indians.
States that: (1) the most exacting common law fiduciary standards governing private trustees also govern the federal government when it manages Indian Trust Assets, and (2) those standards are not limited to the express terms of statutes and regulations.
Indian Trust Asset Management Demonstration Project Act of 2012 - Directs the Secretary of the Interior to establish an eight-year Indian trust asset management demonstration project that allows Indian tribes to propose, for the Secretary's approval, Indian trust asset management plans.
Allows participating Indian tribes that contract or compact trust management functions or activities under the Indian Self-Determination and Education Assistance Act to develop and carry out trust asset management systems, practices, and procedures that differ from the Secretary's.
Requires each plan to:
(1) be consistent with all tribal laws and all federal treaties, statutes, executive orders, and court decisions applicable to the trust assets and their management;
(2) establish procedures for nonbinding mediation or resolution of any plan-related disputes between the Indian tribe and the federal government;
(3) include an annual evaluation by the Indian tribe and affected federal agencies of the plan's implementation; and
(4) identify any federal regulations that the plan will supersede.
Prohibits the approval of any plan that does not: (1) protect trust assets from loss, waste, and unlawful alienation; and (2) promote the interests of the trust asset's beneficial owner.
Establishes, in the Department of the Interior, an Under Secretary for Indian Affairs who is to report directly to the Secretary and assume the functions of the Assistant Secretary for Indian Affairs and the Office of Special Trustee for American Indians.
Requires the Office of the Under Secretary to carry out additional duties relating to the management of Indian trust assets and resources through an Office of Trust Reform Implementation and Oversight.
Requires the Under Secretary to give a hiring preference to Indians.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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