LEGISLATION/H.R. 5291

Merchant Banking Modernization Act

119-HR-5291119th CongressIntroduced Sep 10, 2025Finance and Financial Sector

Market Probability

No market

Status

Introduced

Committee

Floor Vote

Other Chamber

Signed

Placed on the Union Calendar, Calendar No. 320.

Sponsor

Rep. Williams, Roger [R-TX-25](R-TX-25)

1 cosponsor

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.

Subjects

Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital

Actions (8)

Placed on the Union Calendar, Calendar No. 320.

Nov 4, 2025House floor actions

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

Nov 4, 2025House floor actions

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

Nov 4, 2025Library of Congress

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

Sep 16, 2025House committee actions

Committee Consideration and Mark-up Session Held

Sep 16, 2025House committee actions

Referred to the House Committee on Financial Services.

Sep 10, 2025House floor actions

Introduced in House

Sep 10, 2025Library of Congress

Introduced in House

Sep 10, 2025Library of Congress

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