HR 5291

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.

Bill status

Status

Reported

Sponsor

Rep. Roger Williams [R-TX-25]

Cosponsors

1

Policy area

Finance and Financial Sector

Introduced

2025-09-10

Latest action

2025-11-04: Placed on the Union Calendar, Calendar No. 320.

Committee referrals

• Financial Services Committee: House · Reported By · 2025-11-04
• Financial Services Committee: House · Markup By · 2025-09-16
• Financial Services Committee: House · Referred To · 2025-09-10

Recent actions

• 2025-11-04: Placed on the Union Calendar, Calendar No. 320.
• 2025-11-04: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
• 2025-11-04: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
• 2025-09-16: Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
• 2025-09-16: Committee Consideration and Mark-up Session Held