Bitcoin
US House Committee Advances Bill Proposing 20-Year Bitcoin Holding Rule
Legislation aimed at creating a federal Bitcoin reserve from forfeited assets has passed a key congressional committee vote.
On September 16, 2026, the US House Committee on Financial Services voted 28 to 21 to advance H.R. 8957, titled the American Reserve Modernization Act of 2026. The committee approved the draft during a markup session, sending the measure to the full chamber for consideration.
Introduced on May 21, 2026, by Representative Nicholas J. Begich III of Alaska, the bill outlines the creation of a strategic Bitcoin reserve and mandates transparent management of government holdings, funded in part through specific Federal Reserve System funds. Under Section 4, the Department of the Treasury would establish a dedicated custody facility to store qualifying Bitcoin, defined specifically under Section 3 as assets permanently forfeited through criminal or civil legal proceedings.
The statutory text does not establish an active market purchasing program, focusing instead on consolidating existing state holdings. A central provision under Section 5 mandates that qualifying government Bitcoin must be held for a minimum of twenty years, restricting the medium-term release of forfeited state assets onto public markets.
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