Policy Impact Analysis - 117/S/3381

Bill Overview

Title: Tribal Trust Land Homeownership Act of 2021

Description: 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. The bureau 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 bureau 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 bureau. 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 bureau's Division of Real Estate Services the position of Realty Ombudsman.

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

Target Audience

Population: Native Americans living on or affected by tribal trust land transactions

Estimated Size: 4200000

Reasoning

Simulated Interviews

real estate agent (Gallup, NM)

Age: 34 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 8/20

Statement of Opinion:

  • I often face delays when helping clients apply for mortgages on tribal lands.
  • Faster processing would help my clients secure their homes more quickly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 7 5
Year 10 8 5
Year 20 8 5

tribal leader (Rapid City, SD)

Age: 50 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 7.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy could reduce administrative burdens on our tribe.
  • Streamlined processes would free up resources for other community needs.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 9 6

small business owner (Phoenix, AZ)

Age: 42 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 10/20

Statement of Opinion:

  • Faster lease processing would help my business expand more efficiently.
  • I'm hopeful about gaining better access to land for business growth.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 9 7
Year 5 9 8
Year 10 9 8
Year 20 10 8

teacher (Flagstaff, AZ)

Age: 27 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 12/20

Statement of Opinion:

  • I may see indirect benefits through improved community resources if the tribal economy strengthens.
  • This seems more relevant to business owners and real estate professionals.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 7 6
Year 20 7 6

retired (Billings, MT)

Age: 65 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 2.0 years

Commonness: 7/20

Statement of Opinion:

  • I appreciate any efforts that modernize our systems.
  • It's about time this process was streamlined.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 5 5
Year 3 5 5
Year 5 5 5
Year 10 6 5
Year 20 6 5

mortgage lender (Tulsa, OK)

Age: 39 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy should help us approve and process mortgages faster, benefitting our clients and business.
  • More transparency and efficiency are always welcome.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 9 6

legal advocate (Minneapolis, MN)

Age: 55 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 6.0 years

Commonness: 4/20

Statement of Opinion:

  • The policy could empower more tribal members to secure land and housing without legal hang-ups.
  • Legal clarity and efficiency benefit all parties.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 7
Year 10 9 7
Year 20 9 7

engineer (Anchorage, AK)

Age: 29 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 4.0 years

Commonness: 6/20

Statement of Opinion:

  • Improving land transaction efficiency could indirectly benefit infrastructure projects.
  • I see potential for growth and better opportunities.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 8 7
Year 10 8 7
Year 20 8 7

counselor (Bismarck, ND)

Age: 60 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 8.0 years

Commonness: 3/20

Statement of Opinion:

  • Any policy that can enhance financial stability through better land access is positive.
  • It might increase confidence in pursuing land-related ventures.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 9 6
Year 20 9 6

software developer (Santa Fe, NM)

Age: 33 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 9/20

Statement of Opinion:

  • I'm excited about the potential for improved digital solutions on tribal lands.
  • Tech can be a big win for process efficiency and accessibility.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 8
Year 2 9 8
Year 3 10 8
Year 5 10 8
Year 10 10 9
Year 20 10 9

Cost Estimates

Year 1: $5000000 (Low: $3000000, High: $8000000)

Year 2: $5000000 (Low: $3000000, High: $8000000)

Year 3: $5000000 (Low: $3000000, High: $8000000)

Year 5: $5000000 (Low: $3000000, High: $8000000)

Year 10: $5000000 (Low: $3000000, High: $8000000)

Year 100: $5000000 (Low: $3000000, High: $8000000)

Key Considerations