H.R. 5291House119th Congress (2025-2027)In Committee

Merchant Banking Modernization Act

Introduced September 10, 2025

AI-Generated Summary

Updated November 23, 2025 at 10:07 PM UTC

The Merchant Banking Modernization Act changes the Bank Holding Company Act to let bank holding companies keep merchant banking investments for longer periods. It sets a minimum holding time of 15 years for new investments and ensures existing investments can also be held for at least 15 years. This affects banks and their affiliates that engage in merchant banking activities.

Key Provisions

  • Amends the Bank Holding Company Act to require that, under applicable regulations, bank holding companies may hold merchant banking investments for a minimum of 15 years.
  • Specifies that any merchant banking investment already held when the law takes effect must also be allowed to be held for at least 15 years from its original investment date.

Legislative Activity

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5 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 320.

November 4, 2025

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HouseIntro Referral

Introduced in House

September 10, 2025

HouseIntro Referral

Referred to the House Committee on Financial Services.

September 10, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

September 16, 2025

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.

September 16, 2025

HouseCommittee

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.

November 4, 2025

HouseCalendars

Placed on the Union Calendar, Calendar No. 320.

November 4, 2025

Bill Text

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Reported in HouseIssued November 4, 2025

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Union Calendar No. 320

119th CONGRESS

1st Session

H. R. 5291

[Report No. 119–368]

IN THE HOUSE OF REPRESENTATIVES

September 10, 2025

Mr. Williams of Texas introduced the following bill; which was referred to the Committee on Financial Services

November 4, 2025

Additional sponsor: Mr. Gottheimer

November 4, 2025

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on September 10, 2025


A BILL

To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.


1.

Short title

This Act may be cited as the Merchant Banking Modernization Act.

2.

Merchant banking investment holding period

Section 4(k)(7)(A) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)(7)(A)) is amended by inserting Under such regulations, the period of time generally permitted for holding merchant banking investments shall not be less than 15 years. For any merchant banking investment held on the date of enactment of the Merchant Banking Modernization Act, the holding period of time permitted shall not be less than 15 years from the initial date of the investment. after the period at the end.

November 4, 2025

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed