,,ii  #aaith ,,congress  #ast ,session  
,s4 #bffc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjbe ,mr4 ,rounds 7for himself1 ,mr4   
,scott of ,south ,carolina1 ,mr4        
,cramer1 ,mr4 ,hagerty1 ,mr4 ,daines1   
,mr4 ,mullin1 ,mr4 ,scott of ,florida1  
and ,mr4 ,tillis7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,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 activities
  ,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