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H.R. 5291119th CongressPlaced on the calendarLatest action Nov 4, 2025Decoded by AI · checked against the record
Official title: Merchant Banking Modernization Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill sets a minimum 15-year holding period for banks' merchant banking investments, applied retroactively.
35-second read · 4 questions answered below
This bill would require regulators to generally allow financial holding companies to hold merchant banking investments (ownership stakes in non-financial companies) for at least 15 years, longer than current typical periods. The new 15-year minimum would also apply retroactively to investments already made before the bill becomes law.
Large bank holding companies and financial holding companies that engage in merchant banking, and the businesses they invest in, are directly affected.
Extending the holding period gives banking organizations more time and flexibility to manage and sell investments before being required to divest, rather than facing pressure to sell sooner. Some critics raise concerns about banks holding long-term stakes in non-financial businesses.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 320.