Washington, Feb. 26 -- Chairwoman Lisa McClain issued the following press release:
Today, Representatives Lisa McClain (R-Mich.) and Sam Liccardo (D-Calif.), alongside Senators Todd Young (R-Ind.) and Catherine Cortez Masto (D-Nev.), introduced bipartisan legislation to expand access to low-cost financing for critical community projects across the country.
The Municipal Investment and Neighborhood Transformation (MINT) Act restores and makes permanent authority for Federal Home Loan Banks to support tax-exempt municipal bonds used to finance essential housing-related infrastructure projects such as water systems, sewer upgrades, hospitals, and schools. This authority previously existed from 2008 to 2010 and helped finance nearly $4 billio...