The United States Senate on Tuesday passed the Tribal Trust Land Homeownership Act of 2023 via unanimous consent, and will now make its way to the House of Representatives for deliberation. In response, the Mortgage Bankers Association (MBA) applauded the move.

The bill, introduced in January by a bipartisan coalition of five senators, would “require the Bureau of Indian Affairs (BIA) to process and complete all mortgage packages associated with residential and business mortgages on Indian land by certain deadlines,” according to the text of the bill.

One of the bill’s co-sponsors, Sen. Mike Rounds (R-S.D.), released a joint statement with details ⇒

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