; and (2) for fiscal year 2024 and each fiscal year thereafter, such sums as may be necessary. III Indigenous Peoples Exchange and Economic Cooperation Act 301. Short title This title may be cited as the Indigenous Peoples Exchange and Economic Cooperation Act . 302. Statement of policy It shall be the policy of the United States to facilitate contacts and cooperation, including commercial relationships, between Native American tribes and indigenous peoples in the Western Hemisphere. 303. Definitions In this title: (1) Native American tribes The term Native American tribe means any federally recognized tribe. (2) Indigenous peoples The term indigenous peoples means peoples residing in foreign countries in the Western Hemisphere who have historical ties to a particular territory and are culturally or historically distinct from the politically dominant population. 304. Strategy (a) In general Not later than 180 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a strategy, in consultation with the individuals listed in subsection (b) , to promote and facilitate— (1) cross-investments between Native American tribes and indigenous peoples in tribal businesses and commercial enterprises that involve indigenous peoples, such as sustainable natural resource management, agricultural development, or handicraft production