Indian Financing Act of 1971: Promoting Economic Development and Empowerment, 1971-05-04

Item — Box: 67, Folder: 21

Identifier: CAC_CC_009_2_67_21_0018

Staff Only

The text is a bill introduced in the House of Representatives in 1971 called the "Indian Financing Act of 1971". It aims to provide financing for the economic development of Indians and Indian organizations. The bill establishes an Indian Revolving Loan Fund to provide credit for individual Indian borrowers and Indian organizations. Loans can be made for various purposes, and terms and interest rates are determined by the Secretary of the Treasury. The bill also outlines provisions for repayment and administration of the fund.