# 119-s-2663: Merchant Banking Modernization Act

119-s-2663, Merchant Banking Modernization Act, is a 119th Congress bill sponsored by Sen. Rounds, Mike [R-SD] (R-SD); status introduced; PRIA reads it as touching household money (as of 2026-06-05).

- Canonical: https://policyrisk.com/legislation/119-s-2663
- As of: 2026-06-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2663
- Congress: 119
- Title: Merchant Banking Modernization Act
- Status: introduced
- Introduced: 2025-08-01
- Sponsor: Sen. Rounds, Mike [R-SD] (R-SD)
- Cosponsors: 14
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-06-05

## Summary

**Requires a 15-year minimum holding period for merchant banking investments.** This bill would amend Section 4(k)(7)(A) of the Bank Holding Company Act to set the generally permitted holding period for merchant banking investments at no less than 15 years. It would also require that any merchant banking investment held on the date of enactment meet a 15-year minimum measured from the investment's initial date. The change affects bank holding companies that use merchant banking authority by lengthening investment holding horizons.

## Cosponsors (14)

- Sen. Scott, Tim [R-SC] (R-SC), 2025-08-01T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-08-01T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2025-08-01T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-08-01T00:00:00.000Z
- Rep. Mullin, Markwayne [R-OK-2] (R-OK), 2025-08-01T00:00:00.000Z
- Sen. Scott, Rick [R-FL] (R-FL), 2025-08-01T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-08-01T00:00:00.000Z
- Sen. Cruz, Ted [R-TX] (R-TX), 2025-09-02T00:00:00.000Z
- Sen. Cornyn, John [R-TX] (R-TX), 2025-09-02T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-09-18T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-10-14T00:00:00.000Z
- Sen. Sullivan, Dan [R-AK] (R-AK), 2025-10-29T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2026-04-30T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-06-03T00:00:00.000Z

## Provisions PRIA read

- Longer holding rule for bank investors: benefit, medium. If enacted, this bill would require merchant banking investments to be held at least 15 years. That minimum would apply to investments made after enactment and to ones already held when the bill becomes law. For investments held on the enactment date, the 15-year period would be measured from the i…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act
- 119-s-128: SAVE Act
- 119-s-65: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-s-5: Laken Riley Act

## Sources
- [119-s-2663 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2663)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [119-s-128: SAVE Act](https://policyrisk.com/legislation/119-s-128)
- [119-s-65: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-s-65)
- [119-s-5: Laken Riley Act](https://policyrisk.com/legislation/119-s-5)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2663 (as of 2026-06-05).