The House Financial Services Committee voted 28–21 on Sept. 16 to advance legislation that would establish a federal Bitcoin reserve in statute, requiring a 20-year holding period and annual independently audited reporting.
The bill, H.R. 8957, known as the American Reserve Modernization Act of 2026, was reported favorably by the committee, moving it beyond its introduction stage. The measure still requires further legislative action before its proposed custody and holding rules can become law.
The legislative effort builds on an existing executive-policy framework. President Donald Trump's March 6, 2025 order directed the establishment of a Strategic Bitcoin Reserve and a separate digital asset stockpile.
- Vote outcome: 28–21 in favor of advancing the bill
- Proposed holding period: 20 years
- Reporting requirement: annual, independently audited
- Bill name: American Reserve Modernization Act of 2026 (H.R. 8957)