House bill · H.R. 5291 (119th Congress)

Merchant Banking Modernization Act

U.S. House of Representatives

Latest action Nov 4, 2025

Sponsor: Roger Williams (U.S. Representative, TX-25, Republican)

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From Congress.gov and official rosters. This record was last updated Sep 23, 2026. About our data

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 from the Congressional Research Service. How we handle summaries

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

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Democratic1

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Josh Gottheimer

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Full history

Nov 4, 2025
Introduced
Placed on the Union Calendar, Calendar No. 320.
U.S. House
Nov 4, 2025
Placed on the Union Calendar, Calendar No. 320.
Nov 4, 2025
Placed on the Union Calendar, Calendar No. 320.
Nov 4, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
Nov 4, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.

Show full history (7 earlier events)

Sep 16, 2025
Committee vote
Committee Consideration and Mark-up Session Held
Sep 16, 2025
Committee vote
Committee Consideration and Mark-up Session Held
Sep 16, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Sep 16, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Sep 15, 2025
Introduced
Introduced in U.S. House
U.S. House
Sep 10, 2025
Introduced
Introduced in House
U.S. House of Representatives
Sep 10, 2025
Referred to committee
Referred to the House Committee on Financial Services.
U.S. House of Representatives

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