To authorize leases of up to 99 years for land held in trust for federally recognized Indian Tribes.

Bill 118 hr 1246, also known as the "Indian Tribal Land Leasing Act," aims to authorize leases of up to 99 years for land held in trust for federally recognized Indian Tribes. Currently, the law only allows for leases of up to 25 years, which can be a hindrance to economic development on tribal lands.

The bill seeks to empower tribes to enter into longer-term leases, which can attract more investment and development opportunities. This can lead to increased economic growth and job creation within tribal communities.

Supporters of the bill argue that extending lease terms will provide tribes with greater flexibility and control over their land, allowing them to make long-term plans for sustainable development. Additionally, longer leases can make it easier for tribes to secure financing for projects on their land. Opponents of the bill may argue that longer lease terms could potentially lead to disputes over land use and ownership rights. However, proponents maintain that the bill includes safeguards to protect tribal sovereignty and ensure that tribes retain control over their land. Overall, the Indian Tribal Land Leasing Act has the potential to benefit federally recognized Indian Tribes by providing them with greater autonomy and economic opportunities on their lands.