H.R. 5291 House Finance and Financial Sector
Merchant Banking Modernization Act
STAGE 3 OF 8 — CALENDARS AND SCHEDULING
Currently in the House. Last action: placed on the union calendar, calendar no. 320 on Nov 4, 2025.
- House Introduced in House Sep 10, 2025
- House Referred to the House Committee on Financial Services. Sep 10, 2025
- House Committee Consideration and Mark-up Session Held Sep 16, 2025
- House Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17. Sep 16, 2025
- House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368. Nov 4, 2025
- House Placed on the Union Calendar, Calendar No. 320. Nov 4, 2025
Cosponsors
1
Subjects
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital
Committees
- Financial Services Committee
- Reported By , Nov 4, 2025
- Markup By , Sep 16, 2025
- Referred To , Sep 10, 2025
Summary
Merchant Banking Modernization ActThis 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.
Summary as of: Reported to House
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