United States · Bill · HR
H.R. 5291 (119th)
Merchant Banking Modernization Act
Introduced
10 September 2025
Last action
4 November 2025 · Reported
Status
Placed on the Union Calendar, Calendar No. 320.
Sponsors
Rep. Williams, Roger [R-TX-25], Rep. Gottheimer, Josh [D-NJ-5]
Subjects
Discovery layer
Source updated
17 July 2026
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
10 September 2025
Introduced
Introduced in House
Source: IntroReferral
10 September 2025
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
10 September 2025
Introduced
Introduced in House
Source: IntroReferral
16 September 2025
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Source: Committee
16 September 2025
Committee
Committee Consideration and Mark-up Session Held
Source: Committee
4 November 2025
Calendars
Placed on the Union Calendar, Calendar No. 320.
Source: Calendars
4 November 2025
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
Source: Committee
4 November 2025
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
Source: Committee
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
3 official files
Reported in House
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Reported in House
Reported in House · EN · 4 November 2025
Reported to House
summary · EN · 4 November 2025
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Introduced in House
Introduced in House · EN · 10 September 2025
ViewDownloadOpen at official source
Leesvertaling
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Williams, Roger [R-TX-25] · R · Sponsor
- Rep. Gottheimer, Josh [D-NJ-5] · D · Cosponsor
- · hsba00 · Standing
Related records
- related to → Merchant Banking Modernization Act
- related to ← Main Street Capital Access Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/119th-congress/house-bill/5291
- Open data entity: https://api.congress.gov/v3/bill/119/hr/5291
- us · 119-hr-5291 · source updated 17 July 2026