InsideGov
Congress · Laws

Indian Financing Act Amendments of 1984

Public Law 98-449 · S. 2614 · 98th Congress · began in the Senate

Signed by Ronald Reagan (R) on Oct 4, 1984 · Native Americans

Sponsor: Sen. Mark Andrews (R-ND)

Cosponsors (1): Sen. Mark Hatfield

Passage votes

  • HouseUnanimous consent
  • SenateVoice vote
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

Report a correction

Summary

The Congressional Research Service’s plain-language summary of what the law does.

(Senate agreed to House amendments with an amendment)

Indian Financing Act Amendments of 1984 - Amends the Indian Financing Act of 1974 to allow the Secretary of the Interior to modify the amount of an outstanding loan without following certain procedures prescribed by statute.

Revises provisions covering the guarantee of unpaid principal and interest due on loans made to individual Indians.

Raises from $100,000 to $350,000 the ceiling on loan guarantees made to individual Indians. Requires the Secretary to review each loan application independently from the lender.

Deletes the requirement that the Secretary must follow specified procedures before paying a guaranteed loan which is in default.

Authorizes appropriations for deposit into the Indian Loan Guaranty and Insurance Fund beginning in FY 1985.

Authorizes appropriations for FY 1985 and each fiscal year thereafter for certain interest payments.

Raises the ceiling placed on Indian business development grants which the Secretary may make to: (1) individual Indians (from $50,000 to $100,000); or (2) Indian tribes (from $50,000 to $250,000). Authorizes appropriations for FY 1986 and each fiscal year thereafter.

Authorizes the Secretary to require security other than bonds when contracting for construction or repairs with an Indian-owned business.

Requires the Secretary to insure that loan and grant applicants will be provided with technical assistance for the preparation of loan applications and the administration of funds granted under this Act.

Authorizes the Secretary to use up to a specified percentage of appropriations for entering into contracts in FY 1985. Authorizes appropriations for FY 1986 and each fiscal year thereafter.

Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

Report a correction

Timeline

From introduction to signing, newest first: the committees, the floor and the president. 15 actions.

  1. Oct 4, 1984Became lawBecame law · Became Public Law No: 98-449.
  2. Became lawBecame law · Signed by President.
  3. Sep 26, 1984PresidentPresident · Presented to President.
  4. Sep 24, 1984Resolving differencesResolving differences · House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
  5. Sep 21, 1984Resolving differencesResolving differences · Senate concurred with an amendment in the House amendment. By Voice Vote.
  6. Sep 11, 1984FloorFloor · Passed House (Amended) by Voice Vote.
  7. FloorFloor · Called up by House by Unanimous Consent.
  8. CommitteeCommittee · Discharged from House Natural Resources Committee
  9. Jun 11, 1984CommitteeCommittee · Referred to House Natural Resources Committee
  10. Jun 8, 1984FloorFloor · Passed Senate with amendments by Voice Vote.
  11. May 18, 1984CommitteeCommittee · Reported by Senate Indian Affairs Committee
  12. May 9, 1984CommitteeCommittee · Markup by Senate Indian Affairs Committee
  13. CommitteeCommittee · Hearings by Senate Indian Affairs Committee
  14. May 1, 1984CommitteeCommittee · Referred to Senate Indian Affairs Committee
  15. IntroducedIntroduced · Introduced in the Senate
Data notes

Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.

Report a correction

Official record

The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.