United StatesMerchant Banking Modernization Act
What it does
This bill requires financial holding companies to be allowed to hold merchant banking investments for a minimum of 15 years.
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Nov 4Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.Latest
- Nov 4Placed on the Union Calendar, Calendar No. 320.
- Sep 16Committee Consideration and Mark-up Session Held
- Sep 16Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
- Sep 10Introduced in House
- Sep 10Referred to the House Committee on Financial Services.Introduced