Merchant Banking Modernization Act was reported by committee and awaits a floor vote
Written by the Congressional Research Service [2]. 105 words.
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.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 1 of 116 bills enacted since 2013
- Text versions
- 2, from introduced in house to reported in house · 105 words
- Subjects
- Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital
- Latest action
- Nov 4, 2025: Placed on the Union Calendar, Calendar No. 320.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Related, per CRS or House · 2
- 119th H.R. 6955 Main Street Capital Access Act R · Passed one chamber
- 119th S. 2663 Merchant Banking Modernization Act R · Introduced