S 723
Tribal Trust Land Homeownership Act of 2025
Summary
Tribal Trust Land Homeownership Act of 2025 This bill sets forth requirements for the processing of a proposed residential leasehold mortgage, business leasehold mortgage, land mortgage, or right-of-way document by the Bureau of Indian Affairs (BIA). The BIA must notify lenders upon receipt of such documentation, perform a preliminary review of such documents not later than 10 days after receipt, and approve or disapprove of such documents within 20 or 30 days, depending on the type of application. Additionally, the bill sets forth requirements for the BIA regarding (1) response times for the completion of certified title status reports, (2) notification of delays in processing, and (3) the form of notices and delivery of certain reports. The bill also provides relevant federal agencies and Indian tribes with read-only access to the Trust Asset and Accounting Management System maintained by the BIA. The Government Accountability Office must report on digitizing documents for the purpose of streamlining and expediting the completion of mortgage packages for residential mortgages on Indian land. Finally, the bill establishes within the BIA's Division of Real Estate Services the position of Realty Ombudsman.
Bill status
- Status
- Became law
- Sponsor
- Sen. John Thune [R-SD]
- Cosponsors
- 3
- Policy area
- Native Americans
- Introduced
- 2025-02-25
- Latest action
- 2026-05-04: Became Public Law No: 119-88.
Committee referrals
Recent actions
- 2026-04-27: Presented to President.
- 2026-04-27: Presented to President.
- 2026-03-04: Motion to reconsider laid on the table Agreed to without objection.
- 2026-03-04: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 384 - 40 (Roll no. 81).
- 2026-03-04: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 384 - 40 (Roll no. 81).