Proposed
Bill · 119th Congress · HR 8957
American Reserve Modernization Act of 2026
Refreshed 2 h ago
Introduced 2026-05-21Topic: economy jobs · budget · technology privacySummary
AI-generated summary, report an errorThis bill would require the Treasury Department to set up a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within 180 days, and to move all federal agencies' forfeited Bitcoin and other digital assets into them. Bitcoin in the Reserve would have to be held for at least 20 years before any sale, and afterward the Treasury could recommend selling up to 10 percent in any 2-year period. The Treasury would publish quarterly public reports on the Reserve, checked by an independent auditor and overseen by the Comptroller General. States could choose to store their own Bitcoin in separate accounts in the Reserve. The Treasury and Commerce Departments would study whether more Bitcoin could be acquired without adding to the national debt, and the bill states it does not authorize borrowing, new taxes, or deficit spending to buy Bitcoin.
Sponsors
- Nicholas J. Begich III Republican sponsor
- 23 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-09-16 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21. | refer |
| 2026-09-16 | House | Committee Consideration and Mark-up Session Held | refer |
| 2026-05-21 | House | Referred to the House Committee on Financial Services. | refer |
| 2026-05-21 | Introduced in House | introduce | |
| 2026-05-21 | Introduced in House | introduce |