Bill · S. 3941· Senate(119-S-3941)
MINT Act
- Introduced
- 2/26/2026
- Last activity
- 2/26/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 1 - 3
- 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. It seeks to restore the treatment of State and local bonds that are guaranteed by a Federal home loan bank. Specifically, these bonds would be treated as not federally guaranteed for the purposes of determining their tax-exempt status. The bill also adjusts how safety and soundness requirements are established. These changes would apply to guarantees made after the date the Act is enacted.
Yes· 3 of 8
Is this likely to grow the economy?+3
By clarifying tax-exempt status for municipal bonds, it may facilitate easier access to capital for local investments.
Does this leave more decisions to the states?+2
By restoring tax-exempt treatment for state and local bonds, it supports local financing capabilities.
Does this make housing cost less?+2
Improved municipal bond treatment can support local community investments, potentially benefiting housing development.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Tax-Exempt Status Treatment: By amending the Internal Revenue Code to restore the treatment of State and local bonds guaranteed by a Federal home loan bank as not federally guaranteed, the bill addresses the determination of tax-exempt status (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Economic Growth+3
- Demographic And Interest Groups
- Good For Rural Residents+1Good For Urban Residents+1
- Environment Energy And Infrastructure
- Improves Public Transit+1Improves Roads And Bridges+1
- Governance And Ideology
- Increase States Rights+2
- Social Issues And Justice
- Improves Affordable Housing+2
- Education And Technology
- Increases Public School Funding+1
- 7/14/2026
- 1 Cosponsor added.
- 5/19/2026
- 1 Cosponsor added.
- 2/26/2026
- Read twice and referred to the Committee on Finance.
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Marsha BlackburnRepublican · Tennessee
Michael BennetDemocrat · Colorado
James JusticeRepublican · West Virginia
Todd YoungRepublican · Indiana