Bill · S. 2663· Senate(119-S-2663)

Merchant Banking Modernization Act

Age: 72 years

South Dakota

Introduced: 8/1/2025
Last activity: 8/1/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by: Mike Rounds
Cosponsors: - 14 - 0

Finance and Financial Sector

Introduced
In Committee

What this bill would do

This bill is called the ``Merchant Banking Modernization Act''. It seeks to amend the Bank Holding Company Act of 1956. The primary goal is to change the rules regarding how long merchant banking investments can be held. Specifically, it aims to permit holding these investments for a period of up to 15 years. The amendment also addresses investments that are already held at the time the act is passed.

Yes· 3 of 5

Would high-income households be better off under this?+3
The extension of investment holding periods benefits high-income individuals and entities engaged in merchant banking.
Would business owners be better off under this?+3
Increasing the permitted holding period to 15 years provides greater strategic flexibility for those involved in merchant banking.
Would people with substantial wealth be better off under this?+3
The bill facilitates longer-term investment structures which are often utilized by high net worth individuals.