3.0.0 5291 2026-07-17T23:34:39Z 2026-07-17T23:34:39Z House H HR 2025-09-10 119 https://www.congress.gov/bill/119th-congress/house-bill/5291 [Congressional Record Volume 171, Number 148 (Wednesday, September 10, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WILLIAMS of Texas:H.R. 5291.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the Constitution of the UnitedStates.[Page H4240]]]> hsba00 Financial Services Committee House Standing Reported By 2025-11-04T18:49:15Z Markup By 2025-09-16T14:41:55Z Referred To 2025-09-10T14:06:15Z H. Rept. 119-368 Main Street Act 119 6955 HR 2026-04-20 Placed on the Union Calendar, Calendar No. 535. Related bill CRS Merchant Banking Modernization Act 119 2663 S 2025-08-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2025-11-04 Placed on the Union Calendar, Calendar No. 320. Calendars H12410 2 House floor actions U00320 2025-11-04 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2025-11-04 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2025-09-16 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17. Committee 2025-09-16 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2025-09-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2025-09-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-09-10 Introduced in House IntroReferral 1000 9 Library of Congress W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 N G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2025-09-15 False Finance and Financial Sector Bank accounts, deposits, capital 2025-09-25T15:04:36Z Banking and financial institutions regulation 2025-09-25T15:04:29Z Business investment and capital 2025-09-25T15:04:24Z Finance and Financial Sector 2025-09-18T19:59:02Z 07 2025-11-04 Reported to House 2025-12-05T18:03:36Z 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.

]]> Merchant Banking Modernization Act Short Title(s) as Reported to House 102 Merchant Banking Modernization Act 2025-11-05T03:53:12Z H House Reported in House RH Short Title(s) as Introduced 101 Merchant Banking Modernization Act 2025-09-16T07:38:15Z Introduced in House IH Display Title 45 Merchant Banking Modernization Act 2025-09-16T07:38:15Z Official Title as Introduced 6 To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years. 2025-09-16T07:33:22Z Introduced in House IH Reported in House 2025-11-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr5291rh/xml/BILLS-119hr5291rh.xml Introduced in House 2025-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr5291ih/xml/BILLS-119hr5291ih.xml 2025-11-04 Placed on the Union Calendar, Calendar No. 320. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.