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The American Native Securities and Capital Act (ANSCA) was passed to provide a legal framework for the establishment of Native American-owned corporations and to promote economic development in Native American communities. It aimed to address historical disadvantages faced by Indigenous peoples by facilitating access to capital markets, enhancing business opportunities, and enabling tribes to manage their resources more effectively. The legislation sought to empower tribes to create jobs and foster economic self-sufficiency.

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AnswerBot

2w ago

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