Odaily Planet Daily reports that Bitcoin News posted on X that the U.S. House Committee on Financial Services plans to consider H.R. 8957, the "American Reserve Modernization Act of 2026," on Wednesday, September 16, 2026, advancing the bill to a committee vote. Introduced by Representative Nick Begich, with Representative Jared Golden as the sole Democratic co-sponsor, the bill proposes establishing a strategic Bitcoin reserve within the U.S. Department of the Treasury and a separate digital asset reserve for non-Bitcoin assets. The legislation stipulates that compliant Bitcoin seized by the federal government will be added to the reserve, and proceeds from the sale or exchange of non-Bitcoin assets may be used to purchase additional Bitcoin or repay U.S. debt. The Department of the Treasury and the Department of Commerce will also study strategies for acquiring additional Bitcoin over the next five years in a budget-neutral manner; the provisions explicitly prohibit funding such purchases through borrowing, new taxes, or deficit spending. The committee hearing is scheduled to begin at 10:00 a.m. Eastern Time on Wednesday.
U.S. Strategic Bitcoin Reserve Bill to Enter Committee Vote on September 16
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Summary
The U.S. House Financial Services Committee will vote on H.R. 8957, the 2026 American Reserve Modernization Act, on September 16. Spearheaded by Rep. Nick Begich and Rep. Jared Golden, the bill proposes establishing a strategic Bitcoin reserve under the Treasury. It requires the inclusion of compliant seized Bitcoin in the reserve and directs proceeds from non-Bitcoin assets to either purchase additional Bitcoin or reduce the national debt. The Treasury and the Department of Commerce will study budget-neutral strategies for Bitcoin purchases. The bill aligns with CFT goals and may influence risk-on assets.
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