110 HR 2091 IH: To amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds. U.S. House of Representatives 2007-05-01 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.

I 110th CONGRESS 1st Session H. R. 2091 IN THE HOUSE OF REPRESENTATIVES May 1, 2007 Mr. Levin (for himself, Mr. English of Pennsylvania, Mr. Kanjorski, and Ms. Pryce of Ohio) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.

1.

Bonds guaranteed by Federal home loan banks

(a)

In General

Clause (i) of section 149(b)(3)(A) of the Internal Revenue Code of 1986 (relating to exceptions for certain insurance programs) is amended— (1)by striking or after Corporation,, and (2)by inserting at the end the following: or any Federal home loan bank,. (b)

Effective Date

The amendment made by subsection (a) shall apply to bonds issued after the date of the enactment of this Act.