U.S. Congress legislation · 119th Congress
HB7769: MINT Act
Status: In committee, March 3, 2026
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.
What the bill says
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.
From the introduced text, March 3, 2026:
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. SECTION 1. Short title This Act may be cited as the Municipal Investment and Neighborhood Transformation Act or the MINT Act . SECTION 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.
Sponsors
- Lisa McClain (R, HD-009) · primary sponsor
- Sam Liccardo (D)
- Claudia Tenney (R, HD-024)
- Steven Horsford (D, HD-004)
- Darin LaHood (R, HD-016)
- Marie Gluesenkamp Perez (D, HD-WA-3)
- Maria Salazar (R, HD-FL-27)
- Joyce Beatty (D, HD-003)
- Nikema Williams (D, HD-005)
- Marlin Stutzman (R, HD-003)
- Young Kim (R, HD-CA-40)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB7769?
- HB7769 is a bill in Congress (119th Congress): MINT Act.
- What does HB7769 do?
- In its own words: 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.
- What is the status of HB7769?
- In committee as of March 3, 2026. Latest action: Referred to the House Committee on Ways and Means. (March 3, 2026).
- Who sponsored HB7769?
- Lisa McClain (R, HD-009), with 10 co-sponsors.
- Where is the official record for HB7769?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/7769
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.