The First Nations Fiscal Management Act is an act of the Parliament of Canada enacted to allow First Nations to become members of the First Nations Finance Authority and borrow money. Provisions. The act establishes the First Nations Finance Authority, a "finance broker". The First Nation Finance Authority can then issue bonds for the First Nations under its authority. Application. As of 2018, 22 First Nations were included under the act. Reception. The act has been criticised for excessive centralisation by Policy Options, before the 2023 amendments, but the amendments were supported. Further developments and amendments. In 2023, the act was amended by Bill C-45 to "monetize capital dollars" spent by the federal government. During the 2025 Canadian federal election, the Conservative Party announced plans for a "permanent funding stream" for housing under the act.