Bill > HR5291

This bill amends the Bank Holding Company Act of 1956 to extend the permitted holding period for merchant banking investments. Specifically, it requires that financial institutions be allowed to hold merchant banking investments for at least 15 years. Merchant banking refers to a type of investment activity where banks can own equity stakes in non-financial companies. The bill applies this 15-year holding period both to new investments and to existing investments as of the date of enactment, meaning that any merchant banking investments already in a bank's portfolio will be permitted to be held for at least 15 years from their initial investment date. This change is designed to provide more flexibility and stability for banks in managing their investment portfolios by giving them a longer timeframe to hold and potentially realize returns on their merchant banking investments.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/5291/all-info