House committee advances bill to mandate 20-year federal Bitcoin holding period

The House Financial Services Committee voted 28–21 on Sept. 16 to advance H.R. 8957, the American Reserve Modernization Act of 2026. The bill proposes establishing a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Treasury Department, requiring a 20-year holding period and annual independent audits for qualifying federal assets. The legislation builds upon a March 6, 2025, executive order by President Donald Trump that initiated the creation of a strategic reserve. The proposal excludes assets legally designated for other purposes and requires further legislative action to become law.