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Senate bill · S. 2663 (119th Congress)

Merchant Banking Modernization Act

U.S. Senate

Latest action Aug 1, 2025

Sponsor: Mike Rounds (U.S. Senator for South Dakota, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

This bill would amend the Bank Holding Company Act of 1956 so that the period generally permitted for bank holding companies to hold merchant banking investments is not less than 15 years, including for investments already held at enactment.

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Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Senate Committee on Banking, Housing, and Urban Affairs · U.S. Senate

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Cosponsors

14

Showing the 13 who are on Agora, A to Z. Congress.gov listed 14 as of Jul 24, 2026.

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  • Republican13

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Related bills

As identified by Congress.gov.

Full history

  1. Aug 1, 2025

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  2. Aug 1, 2025

    Referred to committee

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  3. Aug 1, 2025

    Referred to committee

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  4. Aug 1, 2025

    Referred to committee

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Read the record