# 119-s-3941: MINT Act

119-s-3941, MINT Act, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-07-16).

- Canonical: https://policyrisk.com/legislation/119-s-3941
- As of: 2026-07-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3941
- Congress: 119
- Title: MINT Act
- Status: introduced
- Introduced: 2026-02-26
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-16

## 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. - 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.

## Cosponsors (4)

- Sen. Young, Todd [R-IN] (R-IN), 2026-02-26T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2026-02-26T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2026-05-19T00:00:00.000Z
- Sen. Bennet, Michael F. [D-CO] (D-CO), 2026-07-14T00:00:00.000Z

## Provisions PRIA read

- New safety rules for municipal bond guarantees: mixed, medium. 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-soun…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-545: Combating Illicit Xylazine Act
- 119-s-199: A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the…
- 119-s-1515: Affordable Housing Credit Improvement Act of 2025
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-s-1032: Major Richard Star Act

## Sources
- [119-s-3941 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3941)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-545: Combating Illicit Xylazine Act](https://policyrisk.com/legislation/119-s-545)
- [119-s-199: A bill to amend the Internal Revenue Code of 1986 to provide special rules for…](https://policyrisk.com/legislation/119-s-199)
- [119-s-1515: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-s-1515)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3941 (as of 2026-07-16).