House Financial Services Committee to Vote on Bill Solidifying Strategic Bitcoin Reserve with 20-Year Hold
The U.S. House Financial Services Committee is scheduled to vote on H.R. 8957, the American Reserve Modernization Act of 2026, on September 16. This bill aims to formally establish a Strategic Bitcoin Reserve within the Treasury Department and a separate Digital Asset Stockpile for other non-Bitcoin crypto assets. The legislation would codify into federal law a policy initially set by President Trump's Executive Order 14233 on March 6, 2025. The executive order directed that Bitcoin acquired through criminal or civil forfeiture should generally not be sold. H.R. 8957 proposes a minimum 20-year holding period for Bitcoin placed in the reserve, preventing routine sales. It also mandates the Treasury to create a secure storage facility within 180 days of enactment and requires federal agencies to provide an accounting of their digital assets within 60 days. The bill emphasizes budget-neutral methods for acquiring additional Bitcoin, explicitly prohibiting new taxes, borrowing, or deficit spending for this pur...