Indian Trust Asset Reform Amendment Act

This bill amends federal law to give tribal governments more authority over assets held in trust by the U.S. government, including lands, resources, and funds. It allows tribes to create their own management plans with tribal approval, enabling them to manage these assets without needing federal permission for routine activities like forest management or leasing. Tribes operating under approved plans remain eligible for federal funding. The bill clarifies that it does not change the federal government's trust responsibility to tribes.