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HR 5291 · 119th Congress · Finance and Financial Sector

Merchant Banking Modernization Act

Introduced September 10, 2025 Latest action November 04, 2025 1 cosponsor

Sponsor

Latest action

Placed on the Union Calendar, Calendar No. 320.

Action timeline

Every recorded action on this bill, newest first. Stage badges color-code the legislative path.

Nov 04, 2025
committee Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.
Financial Services Committee
Nov 04, 2025
other Placed on the Union Calendar, Calendar No. 320.
Sep 16, 2025
committee Committee Consideration and Mark-up Session Held
Financial Services Committee
Sep 16, 2025
committee Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.
Financial Services Committee
Sep 10, 2025
introduced Introduced in House

Text versions

Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.

Nov 04, 2025 Reported in House
XML
Sep 10, 2025 Introduced in House
XML

CRS summaries

Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.

via Congressional Research Service · published through congress.gov

Changelog
ⓘ

How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.

  1. ih / is — Introduced in House / Senate. First filed version.
  2. rfh / rfs — Referred to a committee for review.
  3. rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).
  4. pcs / pch — Placed on Calendar for floor consideration.
  5. eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.
  6. rdh / rds — Received by the other chamber.
  7. eah / eas — Engrossed Amendment. The other chamber passed an amended version.
  8. ath / ats — Agreed to. Both chambers settled on the same text.
  9. enr — Enrolled. Final reconciled text, sent to the President.
  10. pl — Public Law. Signed by the President. It's now law.
  11. pp — Public Print. Official printing post-enactment.

Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.

Line-level diff between text versions of this bill — what actually changed at each legislative stage.

→
+41 −3 25 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 5291 Introduced in House (IH)]
+[H.R. 5291 Reported in House (RH)]
<DOC>
+Union Calendar No. 320
119th CONGRESS
1st Session
H. R. 5291
+
+[Report No. 119-368]
To amend the Bank Holding Company Act of 1956 to generally permit
holding merchant banking investments of up to 15 years.
@@ -18,6 +21,19 @@
Mr. Williams of Texas introduced the following bill; which was referred
to the Committee on Financial Services
+
+November 4, 2025
+
+Additional sponsor: Mr. Gottheimer
+
+November 4, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
+[Strike out all after the enacting clause and insert the part printed
+in italic]
+[For text of introduced bill, see copy of bill as introduced on
+September 10, 2025]
_______________________________________________________________________
@@ -34,7 +50,7 @@
This Act may be cited as the ``Merchant Banking Modernization
Act''.
-SEC. 2. MERCHANT BANKING ACTIVITIES.
+SEC. 2. MERCHANT BANKING INVESTMENT HOLDING PERIOD.
Section 4(k)(7)(A) of the Bank Holding Company Act of 1956 (12
U.S.C. 1843(k)(7)(A)) is amended by inserting ``Under such regulations,
@@ -44,4 +60,26 @@
Modernization Act, the holding period of time permitted shall not be
less than 15 years from the initial date of the investment.'' after the
period at the end.
-<all>
+Union Calendar No. 320
+
+119th CONGRESS
+
+1st Session
+
+H. R. 5291
+
+[Report No. 119-368]
+
+_______________________________________________________________________
+
+A BILL
+
+To amend the Bank Holding Company Act of 1956 to generally permit
+holding merchant banking investments of up to 15 years.
+
+_______________________________________________________________________
+
+November 4, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed

Lobbying activity

Organizations whose LDA filings reference this bill, ranked by filing count. Position not disclosed — LDA does not require lobbyists to report support / oppose / monitor. Bill-number references can be stale (lobbyists sometimes copy text year-over-year), so verify against the filing description.

INDEPENDENT COMMUNITY BANKERS OF AMERICA
BAN
4
filings · 2026 Q3
CHAMBER OF COMMERCE OF THE U.S.A.
BANFIN
3
filings · 2026 Q3
CONSUMER BANKERS ASSOCIATION
BAN
3
filings · 2026 Q3
AMERICAN BANKERS ASSOCIATION
BAN
2
filings · 2026 Q4
AMERICANS FOR FINANCIAL REFORM
BAN
1
filings · 2025 Q3

via Senate LDA · self-reported quarterly. Filing count = filings mentioning this bill (no position required), not money spent on it. Click a client to see all bills they've filed on.

Cosponsors (1)

Members who signed on to support this bill.

Gottheimer D