,,ii  #aai? ,,congress  #b;d ,session   
,s4 #cida  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bf1 #bjbf,ms4
 ,cortez ,ma/o 7= h]self1 ,mr4 ,"y1 &   
,mr4 ,ju/ice7 introduc$ ! foll[+ bill2  
:i* 0 read twice & ref]r$ to !          
,committee on ,f9ance  ,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