Mike Rounds (R-SD)
Merchant Banking Modernization Act
A Republican bill with 14 Republican cosponsors · See all 14 cosponsors
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is called the ``Merchant Banking Modernization Act''. It seeks to amend the Bank Holding Company Act of 1956. The primary goal is to change the rules regarding how long merchant banking investments can be held. Specifically, it aims to permit holding these investments for a period of up to 15 years. The amendment also addresses investments that are already held at the time the act is passed.
Yes· 3 of 5
- Scored +3
Would high-income households be better off under this?
The extension of investment holding periods benefits high-income individuals and entities engaged in merchant banking.
- Scored +3
Would business owners be better off under this?
Increasing the permitted holding period to 15 years provides greater strategic flexibility for those involved in merchant banking.
- Scored +3
Would people with substantial wealth be better off under this?
The bill facilitates longer-term investment structures which are often utilized by high net worth individuals.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Extended Holding Periods: The bill amends the Bank Holding Company Act of sction 4(k)(7)(A) to ensure that the period of time permitted for holding merchant banking investments is not less than 15 years. This provides a longer timeframe for holding such investments.
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Protection for Existing Investments: For any merchant banking investment held on the date this act is enacted, the permitted holding period will not be less than 15 years from the initial date of that investment. This provision applies to investments already in place at the time of enactment.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would billionaires be better off under this? — The extension of holding periods for merchant banking investments provides long-term capital advantages for ultra-wealthy investors. Would business owners be better off under this? — Increasing the permitted holding period to 15 years provides greater strategic flexibility for those involved in merchant banking. Would high-income households be better off under this? — The extension of investment holding periods benefits high-income individuals and entities engaged in merchant banking. Would people with substantial wealth be better off under this? — The bill facilitates longer-term investment structures which are often utilized by high net worth individuals.
- Economy And Finance
- Does this make it easier to run a small business? — The bill provides more stability and longer holding periods for merchant banking investments which can facilitate capital for businesses.
- 6/3/2026
- 1 Cosponsor added.
- 4/30/2026
- 1 Cosponsor added.
- 10/29/2025
- 1 Cosponsor added.
- 10/14/2025
- 1 Cosponsor added.
- 9/18/2025
- 1 Cosponsor added.
- 9/2/2025
- 2 Cosponsors added.
- 8/1/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 7 Cosponsors added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jim BanksRepublican · Indiana
John CornynRepublican · Texas
Bill CassidyRepublican · Louisiana
Kevin CramerRepublican · North Dakota
Ted CruzRepublican · Texas
Steve DainesRepublican · Montana
Bill HagertyRepublican · Tennessee
Jerry MoranRepublican · Kansas
Markwayne MullinRepublican · Oklahoma
David McCormickRepublican · Pennsylvania
Tim ScottRepublican · South Carolina
Dan SullivanRepublican · Alaska
Rick ScottRepublican · Florida
Thomas TillisRepublican · North Carolina