In CommitteeFiled Mar 3, 2026
Sponsor: Rep. McClain, Lisa C. [R-MI-9] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Mar 3, 2026
Summary
The MINT Act amends the Internal Revenue Code so that bonds issued by states or municipalities and guaranteed by a Federal Home Loan Bank are treated as not federally guaranteed for tax‑exempt purposes. This change removes a date limitation that ended in 2010 and updates safety‑and‑soundness language to follow FHFA guidance. It affects municipal issuers, investors, and the Federal Home Loan Bank system by preserving the tax‑exempt character of those bonds.
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