Bitcoin
US House Committee to Review Legislation for Federal Strategic Bitcoin Reserve
A congressional panel is set to examine a bill that would formalize government custody and management of federal Bitcoin reserves into law.
The US House Financial Services Committee, chaired by Representative French Hill, is scheduled to review the American Reserve Modernization Act (H.R. 8957) on September 16. The legislative initiative aims to establish a statutory framework for Bitcoin held by the federal government, which is currently governed by a presidential executive order enacted on March 6, 2025.
Originally introduced in May by Representative Nick Begich with backing from Representative Jared Golden, the bill mandates the transfer of legally available federal Bitcoin to the Department of the Treasury. It also establishes a distinct inventory and stockpile structure for other digital assets held across government agencies.
A substitute amendment put forward by Representative Bryan Steil proposes requiring the Treasury to hold the reserve's Bitcoin for a minimum of twenty years before recommending any limited asset sales to Congress. The revised text also includes provisions for annual reports and independent audits, while dropping an earlier proposal regarding the revaluation of gold certificates.
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