What This Bill Does · Plain English
Summary
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Action Timeline
2025-08-01
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-08-01
Introduced in Senate
Frequently Asked Questions
Did S.2663 pass?
S.2663 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
Who sponsored S.2663?
S.2663 was sponsored by Mike Rounds (R-South Dakota).
Full Bill Text
119 S2663 IS: Merchant Banking Modernization Act U.S. Senate 2025-08-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2663 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. 1. Short title This Act may be cited as the Merchant Banking Modernization Act . 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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