HR 5515

This bill, the Indian Trust Asset Reform Amendment Act, modifies the Indian Trust Asset Reform Act to clarify definitions related to ‘Indian tribe’ and ‘tribal organization.’ It establishes an Indian Trust Asset Management Project, requiring tribes to submit plans for managing their assets and allowing tribal organizations to participate on behalf of tribes. The bill also updates the process for amending approved asset management plans and ensures tribes remain eligible for federal funding regardless of whether they have a formal management plan in place. Finally, it reaffirms the U.S. government’s trust responsibility to Indian tribes.