Rubio's Bill for Seminole Tribe of Florida Signed Into Law

Statement

U.S. Senator Marco Rubio (R-FL) released a statement after President Joe Biden signed S. 108 into law. Rubio's bill will allow the Seminole Tribe of Florida's investment fund to purchase, lease, and sell commercial real estate properties to create generational wealth for the Tribe and its members. U.S. Senator Rick Scott (R-FL) is an original cosponsor. The bill passed the U.S. Senate unanimously in May and passed the U.S. House of Representatives earlier this month.

"Removing this paternalist, decades-old restriction on the Seminole Tribe is long overdue," Rubio said. "I am grateful that this bill is now law because it will provide the autonomy and flexibility the Tribe needs and deserves as it works to secure a strong future for their members."

"This bill is necessary in order to create additional economic opportunities for the Seminole Tribe of Florida and its members," said Seminole Tribe Chairman Marcellus Osceola, Jr. earlier this year. "Senator Rubio's leadership in moving the bill through the Senate is invaluable in our efforts to diversify and provide for future generations of Seminole tribal members."

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