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119th Congress · H.R. 5291 · Introduced

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.

Full bill text →

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SubjectsBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital

XML scalars

congress
119
type
HR
number
5291
originChamber
House
originChamberCode
H
introducedDate
2025-09-10
updateDate
2026-09-19T23:16:44Z
updateDateIncludingText
2026-09-19T23:16:44Z
title
Merchant Banking Modernization Act
legislationUrl
https://www.congress.gov/bill/119th-congress/house-bill/5291

Constitutional authority statement (CDATA)

[Congressional Record Volume 171, Number 148 (Wednesday, September 10, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WILLIAMS of Texas:H.R. 5291.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the Constitution of the UnitedStates.[Page H4240]

Pipeline

Track
federal_presidential
Stage
Introduced
Stage rank
3

Sponsor

  • Rep. Williams, Roger [R-TX-25] · [R-TX-25] · W000816
    Rep-TX-25 current · 7 terms · @RepRWilliams · 2 district offices

Sponsor record (congress_legislators)

Bio (legislators)

bioguide
W000816
status
current
official_full
Roger Williams
first
Roger
middle
null
last
Williams
suffix
null
nickname
null
birthday
1949-09-13
gender
M

Current term (7 total)

type
rep
state
TX
district
25
class
null
party
Republican
caucus
null
start
2025-01-03
end
2027-01-03
end_type
null
how
null
url
https://williams.house.gov
address
2336 Rayburn House Office Building Washington DC 20515-4325
office
2336 Rayburn House Office Building
phone
202-225-9896
fax
null
contact_form
null
rss_url
http://williams.house.gov/rss.xml

Leadership roles (0)

none

Committee memberships (4)

  • Financial Institutions (house) · house · rank 4
  • House Committee on Financial Services (house) · house · rank 7 · site
  • House Committee on Small Business (house) · house · Chair · rank 1 · site
  • National Security, Illicit Finance, and International Financial Institutions (house) · house · rank 6

Social media

District offices (2)

  • 115 S. Main St., Suite 206, Cleburne, TX, 76033 · 682-218-5965 · fax 771-200-5668 · 32.3462862,-97.3858312
  • 1000 Ballpark Way, Suite 310, Arlington, TX, 76011 · 682-218-5965 · fax 771-200-5668 · 32.7504331,-97.08148539999999

Other names (0)

none

Sponsor FEC record (fec_live)

Candidate record (candidates) · cycle 2012

candidate_id
S2TX00270
cycle
2012
name
WILLIAMS, ROGER
party
REPUBLICAN PARTY
office
Senate
state
TX
district
00
incumbent_challenge
Open seat
candidate_status
C
active_through
2012
election_year
null
first_file_date
2008-12-12
last_file_date
2009-08-20
last_f2_date
2009-08-20
address
null

Candidate summary (candidate_summaries) · cycle 2012

cycle
2012
total_receipts
$2,909,531.00
total_disbursements
$2,921,273.00
cash_on_hand_end_period
$0.00
debts_owed_by_committee
$0.00
coverage_start_date
2008-10-01
coverage_end_date
2011-09-14

Connected committees (0)

none

Cosponsors (1)

  • Rep. Gottheimer, Josh [D-NJ-5] · [D-NJ-5] · G000583 · Co-sponsored 2025-09-15
    Dem-NJ-5 current · 5 terms · @RepJoshG · 7 district offices

Committees (1)

  • Financial Services Committee [House Standing]
    2025-11-04T18:49:15ZReported By
    2025-09-16T14:41:55ZMarkup By
    2025-09-10T14:06:15ZReferred To

Actions — from XML (8)

  • 2025-11-04CalendarsH12410via House floor actions
    Placed on the Union Calendar, Calendar No. 320.
  • 2025-11-04CommitteeH12200via House floor actions
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
  • 2025-11-04Committee5000via Library of Congress
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
  • 2025-09-16Committeevia House committee actions
    Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
  • 2025-09-16Committeevia House committee actions
    Committee Consideration and Mark-up Session Held
  • 2025-09-10IntroReferralH11100via House floor actions
    Referred to the House Committee on Financial Services.
  • 2025-09-10IntroReferralIntro-Hvia Library of Congress
    Introduced in House
  • 2025-09-10IntroReferral1000via Library of Congress
    Introduced in House

Actions — from bill_actions table (0)

none

Titles

  • Short Title(s) as Reported to HouseRHH2025-11-05T03:53:12Z
    Merchant Banking Modernization Act
  • Short Title(s) as IntroducedIH2025-09-16T07:38:15Z
    Merchant Banking Modernization Act
  • Display Title2025-09-16T07:38:15Z
    Merchant Banking Modernization Act
  • Official Title as IntroducedIH2025-09-16T07:33:22Z
    To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.

Text versions (from XML)

Versions — from bill_versions table (0)

none

Policy area

Finance and Financial Sector

Summaries

07 · 2025-11-04 · Reported to House

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.

Related bills

  • HR 6955 (119) Main Street Capital Access Act
    Latest: 2026-07-22 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
    Relationship: Related bill (via CRS)
  • S 2663 (119) Merchant Banking Modernization Act
    Latest: 2025-08-01 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
    Relationship: Related bill (via CRS)

Amendments (0)

none

Laws

none

Committee reports

  • H. Rept. 119-368

Calendar number

null

CBO cost estimates

none

Latest action

Date
2025-11-04
Text
Placed on the Union Calendar, Calendar No. 320.
Time
null

Dublin Core

format
text/xml
language
EN
rights
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
contributor
Congressional Research Service, Library of Congress
description
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.

Row fields (debug)

id
4416
congress
119
bill_type
hr
bill_number
5291
bill_slug
hr-5291-119
title
Merchant Banking Modernization Act
short_title
Merchant Banking Modernization Act
sponsor_bioguide_id
W000816
sponsor_name
Rep. Williams, Roger [R-TX-25]
sponsor_party
R
sponsor_state
TX
introduced_date
2025-09-10
latest_action_date
2025-11-04
latest_action_text
Placed on the Union Calendar, Calendar No. 320.
status
null
policy_area
Finance and Financial Sector
subjects_json
[
  "Bank accounts, deposits, capital",
  "Banking and financial institutions regulation",
  "Business investment and capital"
]
govinfo_billstatus_path
BILLSTATUS-119hr5291
raw_billstatus_xml
<?xml version="1.0" encoding="utf-8" standalone="no"?> <billStatus> <version>3.0.0</version> <bill> <number>5291</number> <updateDate>2026-09-19T23:16:44Z</updateDate> <updateDateIncludingText>2026-09-19T23:16:44Z</updateDateIncludingText> <originChamber>House</originChamber> <originChamberCode>H</originChamberCode> <type>HR</type> <introducedDate>2025-09-10</int…
summary_lede
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 ser…
topic_primary
finance
topic_secondary_json
[]
action_family
introduced_only
response_available
0
response_type
null
response_deadline
null
importance_score
null
consequence_score
null
urgency_score
null
overall_score
null
in_canopy
0
canopy_expires_at
null
pipeline_track
federal_presidential
pipeline_stage
introduced
pipeline_stage_rank
3
stable_action_id
hr-5291-119
jurisdiction
federal
lock_status
open
lock_at
null
content_hash
56ffd74888ffd635e8d65591a89f517e609ddb4b784d9f5d84efcd2c52714ecf
anchored_at
null
anchor_merkle_root
null
source_kind
api_fill
first_seen_at
2026-04-20T08:15:57.988066+00:00
last_seen_at
2026-09-27T11:30:22.070413+00:00
⎔ Anchored0x0000…0000Epoch 2026-Q4