Merchant Banking Modernization Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2663 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2663 To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES August 1, 2025 Mr. Rounds (for himself, Mr. Scott of South Carolina, Mr. Cramer, Mr. Hagerty, Mr. Daines, Mr. Mullin, Mr. Scott of Florida, and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Merchant Banking Modernization Act''. SEC. 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)) i…