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Title 25 — Indians

Chapter 42 — American Indian Trust Fund Management Reform

§ 4046. Advisory board

Statutory text

(a)

Establishment and membership

Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which—

(1)

five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts;

(2)

two members shall have practical experience in trust fund and financial management;

(3)

one member shall have practical experience in fiduciary investment management; and

(4)

one member, from academia, shall have knowledge of general management of large organizations.

(b)

Term

Each member shall serve a term of two years.

(c)

Chapter 10 of title 5

The advisory board shall not be subject to chapter 10 of title 5.

(d)

Termination

The advisory board shall terminate upon termination of the Office of Special Trustee.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. American Indian Trust Fund Management Reform Act of 1994

    Pub. L. 103–412 title III § 306 · 108 Stat. 4239

    Enacted · 25 U.S.C. § 4046

    Pub. L. 103–412, title III, § 306, Oct. 25, 1994, 108 Stat. 4249

    Source evidence

    Code source credit
    Pub. L. 103–412, title III, § 306, Oct. 25, 1994, 108 Stat. 4249

    Enacted provision · exact public law section
    SEC. 306. ADVISORY BOARD. (a) Establishment and Membership.— Notwithstanding any other provision of law, the Special Trustee shall establish an advisory board to provide advice on all matters within the jurisdiction of the Special Trustee. The advisory board shall consist of nine members, appointed by the Special Trustee after consultation with Indian tribes and appropriate Indian organizations, of which— (1) five members shall represent trust fund account holders, including both tribal and Individual Indian Money accounts; (2) two members shall have practical experience in trust fund and financial management; (3) one member shall have practical experience in fiduciary investment management; and (4) one member, from academia, shall have knowledge of general management of large organizations. (b) Term.— Each member shall serve a term of two years. (c) FACA.— The advisory board shall not be subject to the Federal Advisory Committee Act. (d) Termination.— The Advisory Board shall terminate upon termination of the Office of Special Trustee.

  2. An Act to restore Federal services to the Pokagon Band of Potawatomi Indians

    Pub. L. 104–109 § 6(b) · 110 Stat. 763

    Substituted · 25 U.S.C. § 4046(d)

    Pub. L. 104–109 substituted “advisory board” for “Advisory Board”

    Source evidence

    Code amendment note
    Subsec. (d). Pub. L. 104–109 substituted “advisory board” for “Advisory Board”.

    Enacted provision · exact public law section
    (b) Advisory Board.— Section 306(d) of the Indian Trust Fund Management Reform Act of 1994 (25 U.S.C. 4046(d); 108 Stat. 4249) is amended by striking “Advisory Board” and inserting “advisory board”.

  3. Pub. L. 117–286 § 4(a)(184) · 136 Stat. 4196

    1. Substituted · 25 U.S.C. § 4046(c)

      Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in text

    2. Substituted · 25 U.S.C. § 4046(c)

      Pub. L. 117–286 substituted “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text

    Source evidence

    Code amendment note
    Subsec. (c). Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in heading and “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text.

    Enacted provision · exact public law section
    (184) Section 306(c) of the American Indian Trust Fund Management Reform Act of 1994 (25 U.S.C. 4046(c)) is amended— (A) in the subsection heading, by striking “FACA” and inserting “Chapter 10 of Title 5, United States Code”; and (B) in text, by striking “the Federal Advisory Committee Act.” and inserting “chapter 10 of title 5, United States Code.”.

4 of 4 references resolved to an enrolled provision

Editorial Notes

Amendments1996–2022 · 2 rounds

2022

Subsec. (c). Pub. L. 117–286 substituted “Chapter 10 of title 5” for “FACA” in heading and “chapter 10 of title 5.” for “the Federal Advisory Committee Act.” in text.

1996

Subsec. (d). Pub. L. 104–109 substituted “advisory board” for “Advisory Board”.

Statutory Notes and Related Subsidiaries

Appointment of New Members

Pub. L. 108–7, div. F, title I, § 133, , 117 Stat. 243, provided that: “Within 90 days of enactment of this Act [] the Special Trustee for American Indians, in consultation with the Secretary of the Interior and the Tribes, shall appoint new members to the Special Trustee Advisory Board.”

Credits

1994–2022 · 3 acts
  1. 1994Pub. L. 103–412, title III, § 306, , 108 Stat. 4249
  2. 1996Pub. L. 104–109, § 6(b), , 110 Stat. 764
  3. 2022Pub. L. 117–286, § 4(a)(184), , 136 Stat. 4326.
Show as published

(Pub. L. 103–412, title III, § 306, , 108 Stat. 4249; Pub. L. 104–109, § 6(b), , 110 Stat. 764; Pub. L. 117–286, § 4(a)(184), , 136 Stat. 4326.)

Parsed from the official OLRC USLM XML in data/usc_all/usc25.xml · release point 119-108 · OLRC build 2026-05-06

USLM identifier /us/usc/t25/s4046