Merchant Banking Modernization Act

The Merchant Banking Modernization Act (HR 5291) requires bank holding companies to maintain merchant banking investments for a minimum of 15 years. This applies to all new investments and retroactively to existing investments held on the bill's enactment date. The bill modifies the Bank Holding Company Act to establish this 15-year holding period as a regulatory standard, directly affecting financial institutions engaged in merchant banking activities. It sets a clear, minimum timeframe for holding such investments without altering other regulatory requirements.