Merchant Banking Modernization Act

Sponsored byRep. Williams, Roger [R-TX-25]TX· Introduced 10 September 2025

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Placed on the Union Calendar, Calendar No. 320.

4 November 2025·8 months ago

Summary

Reported to House · Updated 5 December 2025

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.

Timeline

8 actions

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
4 November 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
4 November 2025 · Committee
Placed on the Union Calendar, Calendar No. 320.
4 November 2025 · Calendars
Committee Consideration and Mark-up Session Held
16 September 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
16 September 2025 · Committee
Referred to the House Committee on Financial Services.
10 September 2025 · IntroReferral
Introduced in House
10 September 2025 · IntroReferral
Introduced in House
10 September 2025 · IntroReferral