,,ib ,union ,calendar ,no4 #cbj #aaith  
,,congress  #ast ,session  ,h4 ,r4 #ebia
 ,report ,no4 #aai-cfh ,,in ,,the       
,,house ,,of ,,representatives          
,september #aj1 #bjbe,mr4 ,williams of  
,texas introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,november #d1     
#bjbe;,additional sponsor3 ,mr4         
,gottheimer  ,november #d1              
#bjbe,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed,strike
 out all after the enacting clause and  
insert the part printed in italic,for   
text of introduced bill1 see copy of    
bill as introduced on ,september #aj1   
#bjbe  ,a ,,bill  ,to amend the ,bank   
,holding ,company ,act of #aief to      
generally permit holding merchant       
banking investments of up to #ae years4 
#a4 ,short title ,this ,act may be cited
 as the ,merchant ,banking              
,modernization ,act4  #b4 ,merchant     

banking investment holding period       
,section #d7k77#g77;,a7 of the ,bank    
,holding ,company ,act of #aief 7#ab    
,u4,s4,c4 #ahdc7k77#g77;,a77 is amended 
by inserting ,under such regulations1   
the period of time generally permitted  
for holding merchant banking investments
 shall not be less than #ae years4 ,for 
any merchant banking investment held on 
the date of enactment of the ,merchant  
,banking ,modernization ,act1 the       
holding period of time permitted shall  
not be less than #ae years from the     
initial date of the investment4 after   
the period at the end4  ,november #d1   
#bjbe,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed