The House Committee on Financial Services advanced the “American Reserve Modernization Act” (H.R. 8957) to the next stage on September 16, 2026 by a vote of 28 to 21. All “yes” votes came from Republicans, and all “no” votes came from Democrats.
The bill’s core content matches the reporting:
• The Treasury Department must establish a Strategic Bitcoin Reserve within 180 days, and also set up an independent Digital Asset Stockpile.
• Federal agencies must report the digital assets they hold within 60 days.
• For the Bitcoin included in the strategic reserve, it must not be sold, exchanged, auctioned, or used as collateral within 20 years.
The revised text is more restrained than the initial version:
• It does not authorize the government to buy Bitcoin; it only requires the Treasury and the Department of Commerce to study acquisition plans that do not “increase the burden on taxpayers.”
• The provisions to purchase more Bitcoin using Federal Reserve funds, to revalue gold certificates, and to buy Bitcoin with tariff revenue have been removed.
• The reserve proof report changed from quarterly to annual.
For now, it is only a “reported favorably” matter by the committee; it will not become law until it is approved by the full House, the Senate, and signed by the President.
$BTC
$BNB
$ETH
The bill’s core content matches the reporting:
• The Treasury Department must establish a Strategic Bitcoin Reserve within 180 days, and also set up an independent Digital Asset Stockpile.
• Federal agencies must report the digital assets they hold within 60 days.
• For the Bitcoin included in the strategic reserve, it must not be sold, exchanged, auctioned, or used as collateral within 20 years.
The revised text is more restrained than the initial version:
• It does not authorize the government to buy Bitcoin; it only requires the Treasury and the Department of Commerce to study acquisition plans that do not “increase the burden on taxpayers.”
• The provisions to purchase more Bitcoin using Federal Reserve funds, to revalue gold certificates, and to buy Bitcoin with tariff revenue have been removed.
• The reserve proof report changed from quarterly to annual.
For now, it is only a “reported favorably” matter by the committee; it will not become law until it is approved by the full House, the Senate, and signed by the President.
$BTC
$BNB
$ETH
