,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ggfi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #c1 #bjbf,mrs4   
,mc,clain 7= h]self1 ,mr4 ,licc>do1 ,ms4
 ,t5ney1 ,mr4 ,hors=d1 ,mr4 ,la,hood1 & 
,ms4 ,p]ez7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to re/ore treatm5t
 ( ,/ate & local bonds :i* are gu>ante$ 
by a ,f$]al home loan bank z n f$]ally  
gu>ante$ = purposes ( det]m9+ _!        
tax-exempt /atus4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,municipal         
,inve/m5t & ,neighborhood ,trans=mation 
,act or ! ,,m9t ,act4  #b4 ,f$]al ,home 
,loan ,bank ,lett]s ( ,cr$it on         
,tax-,exempt ,bonds  7a7 ,9 g5]al       
,clause 7iv7 ( section #adi7;b77#c77;,a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ made 9 connection ) !    
orig9al issuance ( a bond dur+ ! p]iod  
beg9n+ on ! date ( ! enactm5t ( ?is     
clause & end+ on ,decemb] #ca1 #bjaj4   
7b7 ,safety & s\ndness requirem5ts      

,subp>agraph 7,e7 ( section #adi7;b77#c7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ :i* are at lea/ & all t  
foll[s ?r\gh ! p]iod & ins]t+ z are     
e/abli%$ by ! ,director ( ! ,f$]al ,h\s+
 ,f9ance ,ag5cy f "t to "t44  7c7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to gu>antees made    
aft] ! date ( enactm5t ( ?is ,act4