A Democratic bill with 3 Republican cosponsors · See all 4 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +3
Is this likely to grow the economy?
By clarifying tax-exempt status for municipal bonds, it may facilitate easier access to capital for local investments.
- Scored +2
Does this leave more decisions to the states?
By restoring tax-exempt treatment for state and local bonds, it supports local financing capabilities.
- Scored +2
Does this make housing cost less?
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. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to grow the economy? — By clarifying tax-exempt status for municipal bonds, it may facilitate easier access to capital for local investments.
- Demographic And Interest Groups
- Would people in rural areas be better off under this? — The bill supports municipal investments that can benefit rural infrastructure. Would people in cities be better off under this? — The bill supports municipal investments that often benefit urban infrastructure.
- Environment Energy And Infrastructure
- Does this improve buses, trains and other public transport? — Better bond treatment can support local transit initiatives. Does this repair or build roads and bridges? — The bill facilitates better local financing which can aid infrastructure projects.
- Governance And Ideology
- Does this leave more decisions to the states? — By restoring tax-exempt treatment for state and local bonds, it supports local financing capabilities.
- Social Issues And Justice
- Does this make housing cost less? — Improved municipal bond treatment can support local community investments, potentially benefiting housing development.
- Education And Technology
- Does this put more money into public schools? — Enhanced municipal bond treatment may assist local districts in funding through bonds.
- 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