119th Congress
H.R. 5291
Merchant Banking Modernization Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Roger Williams(R-TX)
- Introduced
- Sep 10, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services
- Official text
- Reported in House · Congress.gov page
Cosponsors (1)
Added later (1)
- Josh Gottheimer (D-NJ) · Sep 15, 2025
Summary
Summary by the Congressional Research Service· describes the “Reported to House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Nov 4, 2025 · House
Placed on the Union Calendar, Calendar No. 320. - Nov 4, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368. - Sep 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17. - Sep 16, 2025
Committee Consideration and Mark-up Session Held - Sep 10, 2025 · House
Referred to the House Committee on Financial Services. - Sep 10, 2025
Introduced in House