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S.165: Indian Trust Asset Reform Act

About this Bill

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Sponsor Michael D. Crapo, R-Idaho
Total Cosponsors 1 (All Republicans)
Introduced Jan. 28, 2013
Latest Major Action Jan. 28, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

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 2013 - 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 co...

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 28, 2013 Read twice and referred to the Committee on Indian Affairs.