MINT Act

This bill changes federal tax law so that state and local government bonds backed by a guarantee from a Federal Home Loan Bank are not treated as federally guaranteed, which lets them keep their tax-exempt status. Under current law, this treatment applied only to bonds first issued between the earlier law's enactment and December 31, 2010; the bill removes that time limit. It also says the safety and soundness rules for these guarantees will be the ones set by the Director of the Federal Housing Finance Agency. The changes apply to guarantees made after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Lisa C. McClain Republican sponsor
• 10 cosponsors