Sen. Rounds Introduces Merchant Banking Modernization Act
Bill Intros-Senate
Copyright © Targeted News Service, 2025
Copyright © Targeted News Service, 2025
2025-08-13
Bailey Malota
WASHINGTON, Aug. 13 -- Sen. Mike Rounds, R-SD, has introduced the Merchant Banking Modernization Act, aimed at amending the Bank Holding Company Act of 1956 to extend the period for holding merchant banking investments to 15 years. This legislative move seeks to provide greater flexibility for banking institutions engaged in merchant banking, allowing them to manage their investments more effectively.
The proposed act is motivated by the evolving financial landscape and the need for . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Aug. 13 -- Sen. Mike Rounds, R-SD, has introduced the Merchant Banking Modernization Act, aimed at amending the Bank Holding Company Act of 1956 to extend the period for holding merchant banking investments to 15 years. This legislative move seeks to provide greater flexibility for banking institutions engaged in merchant banking, allowing them to manage their investments more effectively.
The proposed act is motivated by the evolving financial landscape and the need for . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com