Bill · H.R. 7769· House(119-HR-7769)

MINT Act

Age: 60 years

Michigan

Introduced: 3/3/2026
Last activity: 3/3/2026 — Referred to the House Committee on Ways and Means.
Sponsored by: Lisa McClain
Cosponsors: - 5 - 5

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Municipal Investment and Neighborhood Transformation Act" or the "MINT Act," aims to amend the Internal Revenue Code of 1986. The primary purpose is to restore the treatment of State and local bonds guaranteed by a Federal home loan bank as not being federally guaranteed for tax-exempt status purposes. It modifies specific clauses regarding bond issuance periods and updates safety and soundness requirements. These changes are directed at how the Director of the Federal Housing Finance Agency establishes requirements. The amendments apply to guarantees made after the date of the Act's enactment.

Yes· 3 of 8

Does this cut taxes for middle-income families?+3
The bill restores the tax-exempt status of certain state and local bonds, which can lower borrowing costs for municipal projects that benefit middle-class communities.
Does this leave more decisions to the states?+3
The bill restores the ability of state and local entities to issue tax-exempt bonds through Federal home loan bank guarantees.
Would middle-income households be better off under this?+2
The preservation of tax-exempt municipal bonds can lead to more efficient local government spending on public services used by middle-class families.