Sponsors (2)
The bill clarifies appraisal valuation language for tribal land transactions, benefiting property owners and tribes, while posing a small transitional risk of legal or administrative ambiguity from legacy references.
Property owners and tribal governments operating under 16 U.S.C. 577g will have clearer statutory guidance on how appraisals are valued, reducing uncertainty in land valuation and transactions on tribal lands.
Tribal land residents and property owners face a minor risk of legal or administrative confusion during the transition if older references to the 'Thye-Blatnik Act' remain in court decisions or agency guidance.
Based on analysis of 2 sections of legislative text.
Replaces the phrase "Thye-Blatnik Act" with "of the fair appraised value of such" in 16 U.S.C. 577g, revising statutory wording about appraisals.
Introduced February 19, 2025 by Tina Smith · Last progress February 19, 2025
Replaces a specific phrase in the federal statute at 16 U.S.C. 577g by deleting the words "Thye-Blatnik Act" and inserting the words "of the fair appraised value of such." The change alters the statutory wording that governs how appraisals are referenced or described in that provision. The amendment is purely textual and narrow in scope: it updates statutory language about appraisals and does not create new programs, appropriate funds, or change tax or emergency authorities. Its practical effect depends on how agencies and courts interpret the revised wording in future appraisal or valuation disputes.