Senate bill would create tribal development bank

Senator Daniel Inouye, D-Hawaii, has introduced a bill, S439, that would create a Tribal Development Bank. The bank would help to overcome the lack of financial and physical infrastructure in Indian Country by delivering seed money to start new and diverse tribal businesses on reservations.

The Tribal Development Bank would help tribes to finance alternative energy systems such as windmill farms and ocean wave energy projects.

Rep. Eni Faleomavaega, the non-voting congressional delegate from American Samoa, has introduced Inouye’s bill in the House and looks forward to offering amendments authorizing the Tribal Development Bank to support U.S. tribes to engage in trade relations with the First Nations of Canada, Maori tribes of New Zealand and other Indigenous groups around the world.

Advertisements
This entry was posted in Economic Development. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s