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Merchant Banking Modernization Act

12/2/2025, 8:38 AM

Summary of Bill HR 5291

H.R. 5291, introduced in the 119th Congress on September 10, 2025, aims to amend the Bank Holding Company Act of 1956 to allow holding merchant banking investments for a duration of up to 15 years.

Congressional Summary of HR 5291

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.

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Current Status of Bill HR 5291

Bill HR 5291 is currently in the status of Bill Introduced since September 10, 2025. Bill HR 5291 was introduced during Congress 119 and was introduced to the House on September 10, 2025.  Bill HR 5291's most recent activity was Placed on the Union Calendar, Calendar No. 320. as of November 4, 2025

Bipartisan Support of Bill HR 5291

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5291

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business investment and capital

Alternate Title(s) of Bill HR 5291

To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.
To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.

Comments

Sponsors and Cosponsors of HR 5291

Roger Williams
Roger Williams
TexasRepublican
Josh Gottheimer
Josh Gottheimer
New JerseyDemocrat

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