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H.R. 5291 119th Congress House

Merchant Banking Modernization Act

Official title: To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.

Introduced: September 10, 2025 Introduced by: Roger Williams Republican · Texas See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital
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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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What's happening now November 4, 2025

Placed on the Union Calendar, Calendar No. 320.

 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.

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 23

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

Bodies those filers lobbied

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 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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