US House Committee Approves Strategic Bitcoin Reserve Legislation
The House Financial Services Committee has voted to advance a legislative proposal that would establish a national Strategic Bitcoin Reserve subject to a 20-year lockup.
The U.S. House Financial Services Committee advanced H.R. 8957, titled the American Reserve Modernization Act of 2026, in a 28-21 vote on September 16. The vote moves the bill out of committee, though formal implementation remains contingent on full congressional approval and enactment into law.
Under the proposed legislation, the U.S. Department of the Treasury would be mandated to establish two distinct federal holding structures within 180 days of enactment: a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile. The statutory framework explicitly separates Bitcoin from other government-held digital assets.
The bill establishes strict custody conditions for the proposed Bitcoin reserve, requiring a mandatory minimum holding period of 20 years. During this 20-year span, the federal government would be prohibited from selling, auctioning, exchanging, or encumbering any Bitcoin held within the reserve.
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