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S. 3941

U.S. Senate•In Senate Committee

Summary

S. 3941, the MINT Act, was introduced in the Senate on Feb 26, 2026 by Sen. Catherine Cortez Masto (D) with 4 co-sponsors. It was referred to Finance, and last saw action on Feb 26, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 3941 has 4 co-sponsors.

sb3941/introduced-in-senate.txt
119 S3941 IS: Municipal Investment and Neighborhood Transformation Act
 U.S. Senate
 2026-02-26
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 3941  IN THE SENATE OF THE UNITED STATES   February 26, 2026   Ms. Cortez Masto  (for herself,  Mr. Young , and  Mr. Justice ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 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 status.
1.
Short title
This Act may be cited as the   Municipal Investment and Neighborhood Transformation Act   or the   MINT Act  .
2.
Federal Home Loan Bank Letters of Credit on Tax-Exempt Bonds
(a)
In general
Clause (iv) of  section 149(b)(3)(A)  of the Internal Revenue Code of 1986 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 31, 2010 .
(b)
Safety and soundness requirements
Subparagraph (E) of  section 149(b)(3)  of the Internal Revenue Code of 1986 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 time. .
(c)
Effective date
The amendments made by this section shall apply to guarantees made after the date of enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-02-26
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 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 status.

Sponsors

Sen. Catherine Cortez Masto (D) sponsors S. 3941, and 4 members have co-sponsored it, 2 of them from the day it was introduced.

Committees

S. 3941 went before 1 committee: Finance.

Finance
Finance
Referred To · Feb 26, 2026 · 902 Bills

Actions

S. 3941 has taken 2 actions since Feb 26, 2026.

ChamberAction
Feb 26, 2026
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Feb 26, 2026
—
Introduced in Senate

Votes

S. 3941 has not gone to a roll call.

1 bill is related to S. 3941, as Identical bill.

Titles

S. 3941 goes by 4 titles, 2 of them short titles.

  • MINT Act — Display Title
  • MINT Act — Short Title(s) as Introduced
  • Municipal Investment and Neighborhood Transformation Act — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 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 status. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 23 registered lobbyists who named S. 3941 in 6 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Agriculture, Housing.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
FEDERAL HOME LOAN BANK OF ATLANTA—Georgia12$60K
FEDERAL HOME LOAN BANK OF CINCINNATIBanking and financial servicesOhio12$40K
COUNCIL OF FHLBANKS—District of Columbia11—
INDEPENDENT COMMUNITY BANKERS OF AMERICA—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ERIS GROUP12$60K
WILLIAMS AND JENSEN, PLLC12$40K
COUNCIL OF FHLBANKS11—
INDEPENDENT COMMUNITY BANKERS OF AMERICA11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 23.

LobbyistFirmsClientsFilings
CATHERINE HARNEY112
DOYLE BARTLETT112
JOEL OSWALD112
JOSHUA FENDRICK112
MAHLET MAKONNEN112
AMBER MILENKEVICH111
BRIAN LAVERDURE111
CHARLES YI111
JAMES KELLER111
JENNA BURKE111
JENNIFER COWELL111
LILLIANE THOMAS111
MARK SCANLAN111
MICHAEL EMANCIPATOR111
MICHAEL MARSHALL111
PAUL MERSKI111
REBECA ROMERO RAINEY111
RYAN DONOVAN111
SAMUEL BEAVER111
STEPHEN KEEN111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 first_quarter$890K1st Quarter - Report
COUNCIL OF FHLBANKSCOUNCIL OF FHLBANKS2026 second_quarter$705K2nd Quarter - Report
FEDERAL HOME LOAN BANK OF ATLANTAERIS GROUP2026 second_quarter$30K2nd Quarter - Report
FEDERAL HOME LOAN BANK OF ATLANTAERIS GROUP2026 first_quarter$30K1st Quarter - Report
FEDERAL HOME LOAN BANK OF CINCINNATIWILLIAMS AND JENSEN, PLLC2026 second_quarter$20K2nd Quarter - Report
FEDERAL HOME LOAN BANK OF CINCINNATIWILLIAMS AND JENSEN, PLLC2026 first_quarter$20K1st Quarter - Report

Classification

The Congressional Research Service files S. 3941 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3941’s is Taxation.

s3941/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com