Legislation1w ago
42
To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
S3941119th CongressWALLET
MINT Act
Sponsored By: Senator Sen. Cortez Masto, Catherine [D-NV]
Introduced
Summary
Restores tax-exempt treatment for municipal bonds guaranteed by a Federal Home Loan Bank. The bill would remove a time-limited restriction on those guarantees, let the Director of the Federal Housing Finance Agency set safety-and-soundness standards, and apply the changes only to guarantees made after enactment.
Show full summary
- State and local governments: Would be able to use Federal Home Loan Bank guarantees for bonds issued after enactment beyond the old 2010 cutoff, affecting whether interest qualifies as tax-exempt.
- Investors in municipal bonds: Interest on bonds guaranteed by a Federal Home Loan Bank would be treated as not federally guaranteed for tax-exempt status when the bill's rules apply.
- Federal Housing Finance Agency: Replaces a fixed statutory safety threshold with standards established by the FHFA Director over time.
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New safety rules for municipal bond guarantees
This bill would change how some Federal Home Loan Bank guarantees count for tax-exempt bonds. It would remove a time limit that referred to guarantees tied to original bond issuances ending on December 31, 2010. It would let the Director of the Federal Housing Finance Agency set the safety-and-soundness rules for those guarantees. The changes would apply only to guarantees made after the date of enactment of this Act and would affect municipal borrowers, guarantor banks, and investors.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & CoSponsors
Sponsor
Sen. Cortez Masto, Catherine [D-NV]
NV • D
Cosponsors
Sen. Young, Todd [R-IN]
IN • R
Sponsored 2/26/2026
James Justice
WV • R
Sponsored 2/26/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.govTake It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in