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HR 5291 119th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital

Merchant Banking Modernization Act

Introduced: September 10, 2025 Introduced by: Williams, Roger Republican · Texas See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 4, 2025
Placed on the Union Calendar, Calendar No. 320.
Nov 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
Sep 16, 2025
Committee Consideration and Mark-up Session Held
Sep 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Sep 10, 2025
Introduced in House
Sep 10, 2025
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Merchant Banking Modernization Act

This bill requires financial holding companies to be allowed to hold merchant banking investments for a minimum of 15 years.

Currently, financial holding companies are generally prohibited from holding interests in nonfinancial companies, however, there are statutory exemptions for merchant banking activities—financial services for private commercial entities. As a result of these financial services, the financial holding company may gain equity in these private commercial entities through portfolio holdings. Under current regulations, these holdings are subject to certain limitations, including a holding limit of 10 years, with the option of extending the period subject to review by the Federal Reserve Board.

What's happening now November 4, 2025

Placed on the Union Calendar, Calendar No. 320.

 Hearings & markups 1
  • Various Measures
    Markup Sep 16, 2025 · 10:00 AM EDT · Financial Services Committee
 Related & companion bills 2
  • HR 6955 Related bill Main Street Act
  • S 2663 Related bill Merchant Banking Modernization Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 16

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 16 filings →
 Cosponsors 1
All 1 Democratic 1
D
Gottheimer, Josh
New Jersey · Sep 15, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5291: Merchant Banking Modernization Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-5291/
MLA
"H.R. 5291: Merchant Banking Modernization Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-5291/.
Bluebook (legal)
H.R. 5291, 119th Cong. (2026), https://openamerica.io/bill/119-HR-5291/.
Markdown link
[H.R. 5291: Merchant Banking Modernization Act](https://openamerica.io/bill/119-HR-5291/)
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