S. 723: Tribal Trust Land Homeownership Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-02-25 |
| Sponsor | Sen. Thune, John [R-SD] |
| Policy area | Native Americans |
| Cosponsors | 3 |
| Latest action | 2026-05-04 — Became Public Law No: 119-88. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in Senate, 2025-02-25):
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.
Cosponsors (3)
| Name | Party / state |
|---|---|
| Tina Smith | D MN (original cosponsor) 2025-02-25 |
| Mike Rounds | R SD (original cosponsor) 2025-02-25 |
| Kevin Cramer | R ND 2025-09-16 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 723 are published by Congress on congress.gov.
Frequently asked questions
What is S. 723?
S. 723 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Tribal Trust Land Homeownership Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 723 are available on congress.gov.
Bill data: congress.gov API (official congressional records).