Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 5291
119th Congress(2025-2026)
Merchant Banking Modernization Act
Introduced
Introduced
Introduced in House on Sep 10, 2025
Overview
Text
Introduced
Sep 10, 2025
Latest Action
Nov 4, 2025
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5291
Congress
119
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Roger Williams
Texas
Democrat
Josh Gottheimer
New Jersey
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
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.

Text (2)
Reported in House
November 4, 2025
Introduced in House
September 10, 2025
Related Bills (2)
Jan 07, 2026
Introduced in House
34
Sponsorship
House Bill 6955
Main Street Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Aug 01, 2025
Introduced in Senate
14
Sponsorship
Senate Bill 2663
Merchant Banking Modernization Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (6)
11/04/2025
Placed on the Union Calendar, Calendar No. 320.
11/04/2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
09/16/2025
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
09/16/2025
Committee Consideration and Mark-up Session Held
09/10/2025
Referred to the House Committee on Financial Services.
09/10/2025
Introduced in House
Public Record
Record Updated
May 2, 2026 7:06:20 PM
Copyright © 2026 Civic Bits LLC
Privacy Policy
Terms of Service
What's New
About