Merchant Banking Modernization Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Sep 10, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - TX District 25 · R-TX
1 cosponsor
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
Loading the bill text comparison.
Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 5291 |
| Origin Chamber | House |
| Current Status | Placed on the Union Calendar, Calendar No. 320. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | September 10, 2025 |
| Latest Action | November 4, 2025 |
| Cosponsors | 1 · House vote — · 1 views |