Merchant Banking Modernization Act

Summary

Official

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...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(9/10/25)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Williams

House (R) Texas – 25

Cosponsors (1)

Gottheimer

House (D) New Jersey

Topics

Business & Finance

Latest Action

Placed on the Union Calendar, Calendar No. 320.

Nov 4, 2025

View Bill on Congress.gov