The U.S. House Financial Services Committee is scheduled to review H.R. 8957, the Reserve Modernization Act of 2026, on Wednesday, Sept. 16, 2026, with the session set to begin at 10:00 a.m. Eastern Time. According to a post by Bitcoin News on X, the bill is moving into the committee voting process.
The measure was introduced by Representative Nick Begich, with Jared Golden listed as the only Democratic co-sponsor. It would establish a strategic Bitcoin reserve within the U.S. Treasury and create a separate digital asset reserve for non-Bitcoin holdings.
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 be used either to acquire more Bitcoin or to repay U.S. national debt. The Treasury Department and the Commerce Department would also study strategies for buying additional Bitcoin over the next five years on a budget-neutral basis. The text, as described in the post, does not authorize borrowing, new taxes, or deficit spending to fund those purchases.
Per a post from Bitcoin News on X, cited by Odaily, the U.S. House Financial Services Committee is preparing to review H.R. 8957, the Reserve Modernization Act of 2026, on Wednesday, Sept. 16, 2026. After that, the bill is slated to move into the committee voting process.
What the bill proposes
Representative Nick Begich introduced the legislation. Jared Golden, according to the report, is the only Democratic co-sponsor listed. The measure would create a strategic Bitcoin reserve at the U.S. Treasury, plus a separate digital asset reserve for assets that are not Bitcoin.
If the bill passes as written, compliant Bitcoin obtained by the federal government through seizures would go into that reserve. And money raised from selling or exchanging non-Bitcoin assets could be used either to purchase more Bitcoin or to repay national debt.
The Treasury Department and the Commerce Department would also examine budget-neutral ways to buy more Bitcoin over the next five years. One limit is plain in the post’s description: those provisions do not allow borrowing, new taxes, or deficit spending to fund the purchases.
Committee schedule
The committee session is set to start at 10:00 a.m. Eastern Time on Wednesday.
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