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S. 2663

U.S. Senate•In Senate Committee

Summary

S. 2663, the Merchant Banking Modernization Act, was introduced in the Senate on Aug 1, 2025 by Sen. Mike Rounds (R) with 14 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Aug 1, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 2663 has 14 co-sponsors.

s2663/introduced-in-senate.txt
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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-08-01
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years.

Sponsors

Sen. Mike Rounds (R) sponsors S. 2663, and 14 members have co-sponsored it, 7 of them from the day it was introduced.

Committees

S. 2663 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Aug 1, 2025 · 465 Bills

Actions

S. 2663 has taken 2 actions since Aug 1, 2025.

ChamberAction
Aug 1, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Aug 1, 2025
—
Introduced in Senate

Votes

S. 2663 has not gone to a roll call.

2 bills are related to S. 2663.

Titles

S. 2663 goes by 3 titles, 1 of them short titles.

  • Merchant Banking Modernization Act — Display Title
  • Merchant Banking Modernization Act — Short Title(s) as Introduced
  • A bill to amend the Bank Holding Company Act of 1956 to generally permit holding merchant banking investments of up to 15 years. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 124 registered lobbyists who named S. 2663 in 13 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Housing, Agriculture, Aerospace, Automotive Industry, Aviation/Airlines/Airports, Budget/Appropriations.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA—District of Columbia15—
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia14—
CONSUMER BANKERS ASSOCIATION—District of Columbia14—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA15—
CHAMBER OF COMMERCE OF THE U.S.A.14—
CONSUMER BANKERS ASSOCIATION14—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 124.

LobbyistFirmsClientsFilings
AMBER MILENKEVICH115
JAMES KELLER115
JENNA BURKE115
LILLIANE THOMAS115
MARK SCANLAN115
MICHAEL EMANCIPATOR115
MICHAEL MARSHALL115
PAUL MERSKI115
REBECA ROMERO RAINEY115
STEPHEN KEEN115
SUSAN KINNEY115
TIMOTHY ROY115
WALTER HAYNIE115
ABELARDO TORRES114
ALEXA BRANSON114
AMANDA MAYS114
ANDREA PORWOLL114
ASHLEY GUM114
BRADLEY WATTS114
BRINCE MANNING114

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 second_quarter$2.2M2nd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 fourth_quarter$1.3M4th Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2025 third_quarter$1.2M3rd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2026 second_quarter$1M2nd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2025 fourth_quarter$970K4th Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 first_quarter$890K1st Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
CONSUMER BANKERS ASSOCIATIONCONSUMER BANKERS ASSOCIATION2026 first_quarter$830K1st Quarter - Report

Classification

The Congressional Research Service files S. 2663 under Finance and Financial Sector, one of its 31 policy areas, and gives it 3 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2663’s is Finance and Financial Sector.

s2663/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

S. 2663 carries 3 of CRS’s legislative subjects, from Bank accounts, deposits, capital to Business investment and capital.

s2663/subjects.txt
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capital

Source: congress.gov · legiscan.com