119-s2663

[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) ) 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.
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