I 111th CONGRESS 2d Session H. R. 5311 IN THE HOUSE OF REPRESENTATIVES May 13, 2010 Mr. Pascrell (for himself, Mr. Boustany, and Mr. Kanjorski) 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 make permanent the treatment of municipal bonds guaranteed by Federal home loan banks as tax exempt bonds.

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Short title

This Act may be cited as the Community Development Financing Act of 2010.

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Treatment of municipal bonds guaranteed by Federal home loan banks as tax exempt bonds made permanent

Clause (iv) of section 149(b)(3)(A) of the Internal Revenue Code of 1986 is amended by striking during the period beginning on the date of the enactment of this clause and ending on December 31, 2010 and inserting on or after July 30, 2008.