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HR 7769
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MINT Act

To amend the Internal Revenue Code of 1986 to restore treatment of State and local bonds which are guaranteed by a Federal home loan bank as not federally guaranteed for purposes of determining their tax- exempt status.

Introduced Mar 3, 2026

Latest action (Mar 3, 2026) Referred to the House Committee on Ways and Means.

Referred to
Ways and Means Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Removes the December 31, 2010 expiration date on Federal Home Loan Bank letters of credit for tax-exempt municipal bonds
  • Treats municipal bonds guaranteed by Federal Home Loan Banks as not federally guaranteed for determining their tax-exempt status
  • Transfers authority to set safety and soundness requirements for these guarantees from the tax code to the Director of the Federal Housing Finance Agency
  • The changes apply to guarantees made after the bill is enacted

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
10 cosponsors

Money behind the sponsor

Top reported contributors to Lisa C. Mcclain’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • Employer not reported $142,889
  • CONFUSION CAPITAL $11,600
  • TRIUMPH HIGHER EDUCATION $10,600
  • HIGHLAND ENGINEERING $9,100
  • SKY PROPERTIES AND INVESTMENTS $6,600

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Lisa C. Mcclain → · Outside spending →

Actions (2)
  1. Mar 3, 2026 Referred to the House Committee on Ways and Means. · house
  2. Mar 3, 2026 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • S 3941 — MINT Act · Introduced Feb 26, 2026 · Cong. 119 92%
  • HR 4438 — Power of the Mint Act · Introduced Jul 16, 2025 · Cong. 119 68%
  • S 1511 — Affordable Housing Bond Enhancement Act · Introduced Oct 21, 2025 · Cong. 119 68%
  • HR 9906 — FIXER Act · Introduced Jul 23, 2026 · Cong. 119 67%
  • HR 7414 — Affordable Housing Bond Enhancement Act · Introduced Feb 9, 2026 · Cong. 119 66%
  • S 386 — Bond Fairness and Protection Act of 1999 · Introduced Jul 27, 2000 · Cong. 106 62%

Text versions (1)
  • Introduced in House · Mar 3, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

March 3, 2026

Mrs. McClain (for herself, Mr. Liccardo, Ms. Tenney, Mr. Horsford, Mr. LaHood, and Ms. Perez) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to restore treatment of State and local bonds which are guaranteed by a Federal home loan bank as not federally guaranteed for purposes of determining their tax- exempt status.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Municipal Investment and Neighborhood Transformation Act” or the “MINT Act”.

SEC. 2. FEDERAL HOME LOAN BANK LETTERS OF CREDIT ON TAX-EXEMPT BONDS.

(a) In General.—Clause (iv) of section 149(b)(3)(A) of the Internal Revenue Code of 1986 is amended by striking “made in connection with the original issuance of a bond during the period beginning on the date of the enactment of this clause and ending on December 31, 2010”.

(b) Safety and Soundness Requirements.—Subparagraph (E) of section 149(b)(3) of the Internal Revenue Code of 1986 is amended by striking “which are at least” and all that follows through the period and inserting “as are established by the Director of the Federal Housing Finance Agency from time to time.”.

(c) Effective Date.—The amendments made by this section shall apply to guarantees made after the date of enactment of this Act. <all>

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