H.R. 5291 · 119th Congress
Merchant Banking Modernization Act
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R
WilliamsSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires financial holding companies to be allowed to hold merchant banking investments for a minimum of 15 years.
What it does: CRS summary · Reported to House · Nov 4, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Merchant Banking Modernization Act
Latest action (Nov 4, 2025): Placed on the Union Calendar, Calendar No. 320.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 10, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.