In CommitteeFiled Feb 26, 2026
Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D)
Latest Action
Read twice and referred to the Committee on Finance.
Feb 26, 2026
Summary
The bill 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. It removes a 2010 cutoff date and shifts safety‑and‑soundness standards to the Federal Housing Finance Agency. This keeps such bonds eligible for tax‑free financing.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when S 3941 changes status, plus AI-powered summaries and stage predictions.
Sign up free