US Bitcoin Reserve Bill Faces First Committee Vote

Summary

• The House Financial Services Committee marks up the ARMA bill on Wednesday, September 16, 2026.
• The bill would lock federal Bitcoin holdings for at least 20 years, sellable only to pay down national debt.
• Washington already controls roughly 328,372 BTC, almost all of it seized in criminal cases.
• ARMA’s 1 million BTC purchase goal depends on a funding study, not a guaranteed mechanism.

The House Financial Services Committee will open a markup and committee vote on H.R. 8957, the American Reserve Modernization Act of 2026, on Wednesday, September 16 at 10:00 a.m. Eastern time. The bill, introduced in May by Representative Nick Begich (R-AK) with Maine Democrat Jared Golden as co-lead, would write a Strategic Bitcoin Reserve into federal law and hand the Treasury a mandate to hold, consolidate, and eventually expand the government’s Bitcoin. This is the first time the reserve concept moves from executive order into a binding legislative process, and the committee vote decides whether it reaches the full House floor at all.

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