Lets state and local governments issue tax-exempt bonds backed by federal home loan banks.
Currently, state and local bonds backed by federal home loan banks only get tax-exempt status if the guarantee was made before 2011. This bill would remove that time limit, making it easier for local governments to borrow money at lower costs. Investors would also have more tax-exempt options.
Today, state and local bonds guaranteed by a Federal home loan bank are only considered tax-exempt if the guarantee was made before December 31, 2010. This bill would remove that deadline, allowing all such bonds to keep their tax-exempt status. It would also give the Federal Housing Finance Agency the power to set new safety rules for these guarantees.
HR 7769 · 119th Congress · March 3, 2026 · AI Summary by gemini-2.5-flash · 9/10
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