S. 2663 (IS) - Merchant Banking Modernization Act - BILLS-119s2663is | Content Details | GovInfo

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S. 2663 (IS) - Merchant Banking Modernization Act

Category: Bills and Statutes

Collection: Congressional Bills

SuDoc Class Number: Y 1.6:
Y 1.4/1:

Congress Number: 119th Congress

Congress Session: 1st Session

Last Action Date Listed: August 1, 2025

Action: Mr. Rounds (for himself, Mr. Scott of South Carolina, Mr. Cramer, Mr. Hagerty, Mr. Daines, Mr. Mullin, Mr. Scott of Florida, and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

Bill Number: S. 2663

Bill Version: Introduced in Senate (IS)

Short Title: Merchant Banking Modernization Act

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

Sponsors: Mike Rounds(SD)

Cosponsors: Tim Scott (SC); Kevin Cramer (ND); Bill Hagerty (TN); Steve Daines (MT); Markwayne Mullin (OK); Rick Scott (FL); Thom Tillis (NC)

Committees: Committee on Banking, Housing, and Urban Affairs (Standing)

United States Code Reference: 12 U.S.C. 1843(k)(7)(A)