To amend the Defense Production Act of 1950 to allow an Indian Tribe to request CFIUS review of certain transactions between the Indian Tribe and foreign persons, and for other purposes.
Impact
The introduction of HB7500 represents a shift towards recognition of Indian Tribes in the context of federal economic and security regulations. By allowing tribes the same consideration as other US entities under the CFIUS review process, the bill potentially safeguards tribal economies from foreign influences and investments that may pose risks. This could enhance the capacity of tribes to engage in more significant transactions and partnerships while being assured a governmental review of their implications for national security.
Summary
House Bill 7500 aims to amend the Defense Production Act of 1950 by introducing provisions that authorize Indian Tribes to request review by the Committee on Foreign Investment in the United States (CFIUS) for specific transactions involving foreign persons. This provision marks a significant change, as it allows for tribal entities to engage in protective measures regarding their economic interests in dealings with foreign entities, ensuring that national security concerns are addressed similarly to other US businesses and real estate transactions.
Contention
While HB7500 seeks to provide Indian Tribes with more agency and protection, it may face challenges in its implementation and acceptance. Some stakeholders may argue about the adequacy of resources or expertise available to handle the complexities involved in international business transactions at the tribal level. Moreover, questions may arise regarding the potential for increased bureaucratic hurdles for Indian Tribes seeking foreign partnerships, which could impede their economic development efforts.
To amend the Siletz Reservation Act to address the hunting, fishing, trapping, and animal gathering rights of the Confederated Tribes of Siletz Indians, and for other purposes.
A bill to grant States and Indian Tribes the authority to waive the 2-year foreign residence requirement for educators in rural and Tribal areas, and for other purposes.
To amend the Water Resources Development Act of 1986 with respect to cost sharing provisions for the territories and Indian Tribes, and for other purposes.
To amend the Coastal Zone Management Act of 1972 to authorize grants to Indian Tribes to further achievement of Tribal coastal zone objectives, and for other purposes.
A bill to amend the Native American Tourism and Improving Visitor Experience Act to authorize grants to Indian tribes, tribal organizations, and Native Hawaiian organizations, and for other purposes.
To amend the Defense Production Act of 1950 to prohibit certain foreign countries from purchasing or leasing property near sensitive sites, and for other purposes.
To amend the Act of June 18, 1934, to reaffirm the authority of the Secretary of the Interior to take land into trust for Indian Tribes, and for other purposes.
To authorize any Indian Tribe to lease, sell, convey, warrant, or otherwise transfer real property to which that Indian Tribe holds fee title without the consent of the Federal Government, and for other purposes.