# 119-hr-7769: MINT Act

119-hr-7769, MINT Act, is a 119th Congress bill sponsored by Rep. McClain, Lisa C. [R-MI-9] (R-MI); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7769
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7769
- Congress: 119
- Title: MINT Act
- Status: introduced
- Introduced: 2026-03-03
- Sponsor: Rep. McClain, Lisa C. [R-MI-9] (R-MI)
- Cosponsors: 10
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Restores permanent tax-exempt treatment for state and local bonds guaranteed by Federal Home Loan Bank letters of credit.** It also moves safety and soundness standards to the Director of the Federal Housing Finance Agency and applies only to guarantees made after enactment. - State and local issuers: Removes the old December 31, 2010 cutoff so guarantees from Federal Home Loan Bank letters of credit can qualify bonds for tax-exempt status going forward. - Federal Home Loan Banks and FHFA: Puts the safety and soundness test under the FHFA Director, allowing the agency to set and update the standards over time. - Investors and municipal bond buyers: Clarifies that bonds backed by FHLB letters of credit are treated as not federally guaranteed when determining tax-exempt status, which affects how those bonds are taxed.

## Cosponsors (10)

- Rep. Liccardo, Sam T. [D-CA-16] (D-CA), 2026-03-03T00:00:00.000Z
- Rep. Tenney, Claudia [R-NY-24] (R-NY), 2026-03-03T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2026-03-03T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2026-03-03T00:00:00.000Z
- Rep. Perez, Marie Gluesenkamp [D-WA-3] (D-WA), 2026-03-03T00:00:00.000Z
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2026-05-13T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2026-05-13T00:00:00.000Z
- Rep. Williams, Nikema [D-GA-5] (D-GA), 2026-06-08T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2026-06-08T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2026-07-21T00:00:00.000Z

## Provisions PRIA read

- More tax-free municipal bonds backed by FHLBs: benefit, medium. If enacted, this bill would let more state and local bonds backed by Federal Home Loan Bank (FHLB) letters of credit be treated as not federally guaranteed for tax-exempt status. It would remove a prior rule that limited that treatment to bonds issued before December 31, 2010. It would replace fixe…

## Related bills

- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-1329: Smithsonian American Women’s History Museum Act

## Sources
- [119-hr-7769 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7769)

## Related
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-1329: Smithsonian American Women’s History Museum Act](https://policyrisk.com/legislation/119-hr-1329)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7769 (as of 2026-09-21).