S. 1360 · 100th Congress · enacted
A bill to amend the Indian Financing Act of 1974, and for other purposes.
Became Public Law No: 100-442.
Latest official action 1988-09-22 · Enacted
The bill, briefly
(Measure passed Senate, amended) Amends the Indian Financing Act of 1974 to increase the amount of loans to individual Indians or economic enterprises from $350,000 to $500,000. Allows the sale or assignment to any person of any loan guaranteed under such Act. Removes the restriction that such sale or assignment is subject to examination or supervision by the United States. Raises the loan guarantee authorization from $200,000,000 to $500,000,000. Provides that all collections and all moneys appropriated under such Act will remain available until expended. Requires that if the amount in the Indian Loan Guaranty and Insurance Fund is insufficient to maintain an adequate level of reserves, the Secretary of the Interior must notify the President who must submit to the Congress a proposed supplemental appropriation request. Authorizes the Secretary to guarantee a surety bond against loss where: (1) the principal is an Indian tribe; (2) the contract involved does not exceed $1,250,000; (3) the bond is required for the principal to be a qualified bidder on a contract or a prime contractor or subcontractor; (4) the principal cannot obtain the bond on reasonable terms without the guarantee and is expected to perform the conditions of the contract; (5) the contract meets the Secretary's requirements for feasibility of successful completion and reasonableness of cost; (6) the bond's ter…
Congressional Research Service · 1987-11-17
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
4 of 4 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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The largest 40 donor totals appear here. Open each politician for their complete, paginated PAC donor list.
What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.