S. 1322 would allow Indian tribes to lease any restricted tribal land (tribal or individually owned) to third parties for up to 99 years with approval of the Department of the Interior (DOI). Under current law, the tribes cannot lease their trust land for more than 25 years, with an option to renew the lease once for another 25 years. The bill also would allow tribes to grant a right-of-way on tribal land for any purpose without the approval of DOI. Any proceeds from leases would accrue to the tribes.
Using information from DOI, CBO estimates that the cost to implement S. 1322 would be insignificant; any spending would be subject to the availability of appropriated funds.