H.R. 5291: Merchant Banking Modernization Act

119th Congress · introduced 2025-09-10 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 320.

federal

What does this mean?

Official title

Merchant Banking Modernization Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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A “Yea” vote

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A “Nay” vote

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What does this mean? (plain words)

Official text

Merchant Banking Modernization Act

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Williams, Roger [R-TX-25] · 1 cosponsors

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Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr5291.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr5291 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills