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Washington, D.C. — U.S. Senator Marco Rubio (R-FL) applauded the U.S. House of Representatives’ passage of S. 108, his bill to 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, which previously passed the U.S. Senate unanimously, now heads to President Joe Biden’s desk to be signed into law.
“Removing this paternalist, decades-old restriction on the Seminole Tribe is long overdue,” Rubio said. “I hope President Biden quickly signs this bill into law to 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.”