,,ii  #aaith ,,congress  #b;d ,session  
,s4 #cida  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #bf1 
#bjbf,ms4 ,cortez ,masto 7for herself1  
,mr4 ,young1 and ,mr4 ,justice7         
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to restore treatment of ,state and
 local bonds which are guaranteed by a  
,federal home loan bank as not federally
 guaranteed for purposes of determining 
their tax-exempt status4  #a4 ,short    
title ,this ,act may be cited as the    
,municipal ,investment and ,neighborhood
 ,transformation ,act or the ,,mint     
,act4  #b4 ,federal ,home ,loan ,bank   
,letters of ,credit on ,tax-,exempt     
,bonds  7a7 ,in general ,clause 7iv7 of 
section #adi7;b77#c77;,a7 of the        
,internal ,revenue ,code of #aihf is    
amended by striking made in connection  
with the original issuance of a bond    
during the period beginning on the date 

of the enactment of this clause and     
ending on ,december #ca1 #bjaj4  7b7    
,safety and soundness requirements      
,subparagraph 7,e7 of section           
#adi7;b77#c7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
which are at least and all that follows 
through the period and inserting as are 
established by the ,director of the     
,federal ,housing ,finance ,agency from 
time to time44  7c7 ,effective date ,the
 amendments made by this section shall  
apply to guarantees made after the date 
of enactment of this ,act4