Install
Merchant Banking Modernization Act
To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Nov 4, 2025 Placed on the Union Calendar, Calendar No. 320.
- Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
- Sep 16, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
- Sep 16, 2025 Committee Consideration and Mark-up Session Held
- Sep 10, 2025 Referred to the House Committee on Financial Services.
- Sep 10, 2025 Introduced in House
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