HR 5291 · Merchant Banking Modernization Act
Placed on the Union Calendar, Calendar No. 320.
- Introduced
- Sep 10, 2025
- Latest action
- Nov 4, 2025
- Sponsor
- Rep. Roger Williams [R-TX-25]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 1
Summary
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.
Recent actions
- 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.
- Nov 4, 2025 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 Referred to the House Committee on Financial Services.
- Sep 10, 2025 Introduced in House
- Sep 10, 2025 Introduced in House
Votes
No recorded votes are available for this bill.