S. 723

119th Congress

Enacted

Tribal Trust Land Homeownership Act of 2025

Sponsored byRepublican:Sen. Thune, John [R-SD]SD· Introduced 25 February 2025
Open on Congress.gov

3

Cosponsors

26

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 4 of 0
Latest action

Became Public Law No: 119-88.

4 May 2026·2 months ago

Summary

Public Law · Updated 22 June 2026

Tribal Trust Land Homeownership Act of 2025

This act 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 act 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 act 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 act establishes within the BIA's Division of Real Estate Services the position of Realty Ombudsman.

Timeline

26 actions

  1. Became Public Law No: 119-88.

    4 May 2026 · President

  2. Signed by President.

    4 May 2026 · President

  3. Signed by President.

    4 May 2026 · BecameLaw

  4. Became Public Law No: 119-88.

    4 May 2026 · BecameLaw

  5. Presented to President.

    27 April 2026 · President

  6. Presented to President.

    27 April 2026 · Floor

  7. Considered as unfinished business. (consideration: CR H2390)

    4 March 2026 · Floor

  8. 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).

    4 March 2026 · Floor

  9. Motion to reconsider laid on the table Agreed to without objection.

    4 March 2026 · Floor

  10. 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).

    4 March 2026 · Floor

  11. Mr. Westerman moved to suspend the rules and pass the bill.

    3 March 2026 · Floor

  12. Considered under suspension of the rules. (consideration: CR H2359-2362; text: CR H2359-2361)

    3 March 2026 · Floor

  13. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    3 March 2026 · Floor

  14. DEBATE - The House proceeded with forty minutes of debate on S. 723.

    3 March 2026 · Floor

  15. Held at the desk.

    15 December 2025 · Floor

  16. Message on Senate action sent to the House.

    15 December 2025 · Floor

  17. Received in the House.

    15 December 2025 · Floor

  18. Passed Senate without amendment by Unanimous Consent. (consideration: CR S8689-8691; text: CR S8689-8691)

    11 December 2025 · Floor

  19. Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

    11 December 2025 · Floor

  20. Star Print ordered on 119-60.

    29 September 2025 · Floor

6 earlier actionsView all on Congress.gov

Sponsorship

3 cosponsors

Sponsor

Republican:Sen. Thune, John [R-SD]SD

Cosponsors

  • Democrat133%
  • Republican267%

Classification

Policy area

Native Americans

Legislative subjects

Congressional oversightGovernment information and archivesGovernment studies and investigationsHousing finance and home ownershipIndian lands and resources rightsIntergovernmental relations

Committees

1

  • Indian Affairs Committee

    Senate · Other

    • Referred To25 Feb 2025
    • Markup By5 Mar 2025
    • Reported By3 Sept 2025

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 2 on 25 February 2025 to 3 on 16 September 2025.

Market relevance

AI-inferred

Impact via Regulation

Sectors

↑ Finance↑ Real Estate

The bill establishes strict statutory deadlines for the Bureau of Indian Affairs (BIA) to review and approve residential, business, and land mortgages on Indian trust lands. By accelerating the processing of mortgage packages and certified title status reports, the legislation reduces administrative delays and transaction costs for mortgage lenders (Finance sector) and facilitates housing development and homeownership on tribal lands (Real Estate sector). No specific publicly traded companies have a material, non-diluted exposure to tribal trust land mortgages to warrant individual ticker listings without speculation.

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