1. Short title This Act may be cited as the Unlocking Native Lands and Opportunities for Commerce and Key Economic Developments Act of 2023 . 2. Modification of tribal leases and rights-of-way across Indian land (a) Extension of tribal lease period The first section of the Act of August 9, 1955 (69 Stat. 539, chapter 615; 25 U.S.C. 415 ) (commonly known as the Long-Term Leasing Act ), is amended— (1) by striking That (a) and all that follows through the end of subsection (a) and inserting the following: 1. Leases of Restricted Land (a) Authorized purposes; term; approval by Secretary (1) In general Any restricted Indian lands, regardless of whether that land is tribally or individually owned, may be leased by the Indian owner of the land, with the approval of the Secretary, for— (A) a public, religious, educational, recreational, residential, business, or grazing purposes; or (B) a farming purpose that requires the making of a substantial investment in the improvement of the land for the production of 1 or more specialized crops as determined by the Secretary. (2) Inclusions A lease under paragraph (1) may include the development or use of natural resources in connection with operations under that lease. (3) Term (A) In general Except as provided in subparagraph (B), a lease under paragraph (1) shall be for a term of not more than 99 years, including any renewals. (B) Exception for grazing purposes A lease under paragraph (1) for grazing purposes may be for a term of not more than 10 years, including any renewals. (4) Requirement Each lease and renewal under this subsection shall be made in accordance with such terms and regulations as may be prescribed by the Secretary. (5) Conditions for approval Before the approval of any lease or renewal of an existing lease pursuant to this subsection, the Secretary shall determine that adequate consideration has been given to— (A) relationship between the use of the leased lands and the use of neighboring land