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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
Referred to the House Committee on Financial Services.
Sep 10, 2025
Introduced in House
 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.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1