The U.S. House Financial Services Committee is scheduled to take up H.R. 8957, the "American Reserve Modernization Act of 2026," on Wednesday, Sept. 16, 2026, with the measure moving into the committee vote process. According to ChainCatcher, the bill was introduced by Representative Nick Begich, while Jared Golden is listed as the sole Democratic co-sponsor.
The proposal would establish a strategic Bitcoin reserve at the U.S. Treasury and create a separate digital asset reserve for non-Bitcoin assets. Under the bill, compliant Bitcoin obtained by the federal government through seizures would be placed into the reserve. Proceeds from the sale or exchange of non-Bitcoin assets could then be used either to buy additional Bitcoin or to repay U.S. national debt.
The Treasury Department and the Department of Commerce would also study strategies for acquiring more Bitcoin over the next five years on a budget-neutral basis. The bill states that such purchases would not be funded through borrowing, new taxes, or deficit spending. Committee consideration is set to begin at 10:00 a.m. Eastern Time on Wednesday.
According to ChainCatcher, the U.S. House Financial Services Committee plans to review H.R. 8957, the "American Reserve Modernization Act of 2026," on Wednesday, Sept. 16, 2026. The bill is set to enter the committee voting process.
The measure was introduced by Representative Nick Begich. Jared Golden is the only Democratic co-sponsor. If advanced, the bill would establish a strategic Bitcoin reserve within the U.S. Treasury and create a separate digital asset reserve for non-Bitcoin assets.
The proposal says compliant Bitcoin acquired by the federal government through seizures would be added to the reserve. Funds raised from selling or exchanging non-Bitcoin assets could be used to purchase more Bitcoin or to repay national debt.
It also directs the Treasury Department and the Department of Commerce to study budget-neutral strategies for acquiring additional Bitcoin over the next five years. The text specifies that the measure does not authorize purchases funded through borrowing, new taxes, or deficit spending.
Committee consideration is scheduled to begin at 10:00 a.m. Eastern Time on Wednesday.
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