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H.R. 5291

U.S. House•House Floor Calendar

Summary

H.R. 5291, the Merchant Banking Modernization Act, was introduced in the House on Sep 10, 2025 by Rep. Roger Williams (R) with 1 co-sponsor. It last saw action on Nov 4, 2025: Placed on the Union Calendar, Calendar No. 320.

Record

Text

H.R. 5291 has 1 co-sponsor.

hb5291/introduced-in-house.txt
119 HR 5291 IH: Merchant Banking Modernization Act
 U.S. House of Representatives
 2025-09-10
 text/xml
 EN
 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.
 I  119th CONGRESS  1st Session  H. R. 5291  IN THE HOUSE OF REPRESENTATIVES   September 10, 2025   Mr. Williams of Texas  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.
1.
Short title
This Act may be cited as the   Merchant Banking Modernization Act  .
2.
Merchant banking activities
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, the period of time generally permitted for holding merchant banking investments shall not be less than 15 years. For any merchant banking investment held on the date of enactment of the  Merchant Banking 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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-09-10
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Reported to House Nov 4, 2025

hb5291/reported-to-house.md

Shown Here:
Reported to House (11/04/2025)

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.

Sponsors

Rep. Roger Williams (R) sponsors H.R. 5291, and 1 member has co-sponsored it.

Committees

H.R. 5291 went before 1 committee: Financial Services.

Financial Services
Financial Services
Reported By · Nov 4, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 5291, the latest H. Rept. 119-368.

Actions

H.R. 5291 has taken 6 actions since Sep 10, 2025, the latest on Nov 4, 2025.

ChamberAction
Nov 4, 2025
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-368.Financial Services Committee
Nov 4, 2025
House
Placed on the Union Calendar, Calendar No. 320.
Sep 16, 2025
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee
Sep 16, 2025
House
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 17.Financial Services Committee
Sep 10, 2025
House
Introduced in House

Votes

H.R. 5291 has not gone to a roll call.

2 bills are related to H.R. 5291.

Titles

H.R. 5291 goes by 4 titles, 2 of them short titles.

  • Merchant Banking Modernization Act — Short Title(s) as Reported to House
  • Merchant Banking Modernization Act — Short Title(s) as Introduced
  • Merchant Banking Modernization Act — Display Title
  • To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years. — Official Title as Introduced

Lobbying

6 clients hired 6 firms and 156 registered lobbyists who named H.R. 5291 in 19 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Housing, Agriculture, Budget/Appropriations, Financial Institutions/Investments/Securities, Government Issues, Copyright/Patent/Trademark.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA—District of Columbia15—
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia14—
CONSUMER BANKERS ASSOCIATION—District of Columbia14—
AMERICAN BANKERS ASSOCIATION—District of Columbia13—
IBC BANKBanking.Texas12$50K
AMERICANS FOR FINANCIAL REFORM—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA15—
CHAMBER OF COMMERCE OF THE U.S.A.14—
CONSUMER BANKERS ASSOCIATION14—
AMERICAN BANKERS ASSOCIATION13—
CAPITOL COUNSEL LLC12$50K
AMERICANS FOR FINANCIAL REFORM11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 156.

LobbyistFirmsClientsFilings
AMBER MILENKEVICH115
JAMES KELLER115
JENNA BURKE115
LILLIANE THOMAS115
MARK SCANLAN115
MICHAEL EMANCIPATOR115
MICHAEL MARSHALL115
PAUL MERSKI115
REBECA ROMERO RAINEY115
STEPHEN KEEN115
SUSAN KINNEY115
TIMOTHY ROY115
WALTER HAYNIE115
ABELARDO TORRES114
ALEXA BRANSON114
AMANDA MAYS114
ANDREA PORWOLL114
ASHLEY GUM114
BRADLEY WATTS114
BRINCE MANNING114

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2026 second_quarter$3.5M2nd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2026 first_quarter$3.1M1st Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 second_quarter$2.2M2nd Quarter - Report
AMERICAN BANKERS ASSOCIATIONAMERICAN BANKERS ASSOCIATION2025 fourth_quarter$1.7M4th Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 fourth_quarter$1.3M4th Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2025 third_quarter$1.2M3rd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2026 second_quarter$1M2nd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2025 fourth_quarter$970K4th Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 first_quarter$890K1st Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2026 first_quarter$830K1st Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 third_quarter$150K3rd Quarter - Report
IBC BANKCAPITOL COUNSEL LLC2026 second_quarter$50K2nd Quarter - Report
IBC BANKCAPITOL COUNSEL LLC2026 second_quarter—Registration

Classification

The Congressional Research Service files H.R. 5291 under Finance and Financial Sector, one of its 31 policy areas, and gives it 3 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 5291’s is Finance and Financial Sector.

hr5291/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 5291 carries 3 of CRS’s legislative subjects, from Bank accounts, deposits, capital to Business investment and capital.

hr5291/subjects.txt
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 5291, as entered in the Congressional Record.

[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]

Source: congress.gov · legiscan.com