American Reserve Modernization Act Advances to Markup

The American Reserve Modernization Act of 2026 advanced to full-committee markup at the U. S.

The American Reserve Modernization Act of 2026 advanced to full-committee markup at the U.S. House Financial Services Committee on September 16, 2026, placing H.R. 8957 one step closer to a potential House floor vote. The bill, introduced by Rep. Nick Begich with Rep. Jared Golden among its co-introducers, would direct the Treasury Secretary to establish a statutory Strategic Bitcoin Reserve and a separate Digital Asset Stockpile.

The House Financial Services Committee’s official event record lists H.R. 8957 among the measures scheduled for the September 16 full-committee markup, which began at 10:00 AM ET. The agenda also notes an amendment in the nature of a substitute offered by Rep. Bryan Steil, signaling that revisions to the introduced text were on the table. No official committee vote result or reported version of the bill has been published as of this writing. For related coverage, see Bitcoin Strategic Reserve Bill Heads to House Markup Vote.

According to unconfirmed reports from Crypto Briefing, the bill may have already cleared committee and could be moving toward a full House vote; the official committee record confirms the markup and bill listing but does not provide a vote outcome or House-floor scheduling notice. Earlier coverage of the House panel’s markup session for the Strategic Bitcoin Reserve bill tracked the same procedural stage. For related coverage, see House Panel to Mark Up Strategic Bitcoin Reserve Bill Wednesday.

What H.R. 8957 would require if enacted

The introduced bill text gives the Treasury Secretary 180 days after enactment to establish the Strategic Bitcoin Reserve, with federal agencies required to complete a Bitcoin inventory within 60 days and transfer qualifying holdings within 30 days of operational certification. For related coverage, see Federal Reserve Raises Rates 25 Basis Points; Bitcoin Reacts.

Section 5 of the introduced text proposes a minimum 20-year holding period for Bitcoin placed in the Reserve, barring sale, swap, auction, encumbrance, or other disposal during that window.

Proposed minimum Bitcoin Reserve holding period

20 years

Proposed in the introduced H.R. 8957 text; the bill is not law at the markup stage.

Section 6 adds a quarterly public reporting requirement covering total holdings, all transactions, demonstrated control of private keys, public cryptographic attestation, and independent third-party verification. Those transparency provisions address one of the main criticisms leveled at the executive-order framework that preceded the bill. The Bitcoin Strategic Reserve bill’s path to a House markup vote has been closely watched since President Trump signed the March 6, 2025 executive order establishing the Strategic Bitcoin Reserve and Digital Asset Stockpile policy framework. H.R. 8957 would codify related reserve and reporting rules into statute, but it is not law at the markup stage.

What happens during a committee markup

A markup session is the stage at which a committee formally considers, amends, and votes on whether to advance a bill to the full chamber. Members can offer amendments, including substitutes that replace the entire introduced text, which is why the Steil amendment listed on the agenda matters for tracking what the final reported version may contain.

Advancing out of committee does not guarantee a House floor vote; leadership controls the floor schedule and can hold or expedite any measure. Readers following this bill should watch for a committee-passed version, a Rules Committee hearing date, or a House floor scheduling notice as the next concrete milestones. The broader crypto modernization agenda targeting 2026 completion gives legislative leadership a political incentive to move H.R. 8957 before year-end.

Bitcoin was trading at $76,339, up 0.70% over 24 hours, at the time of the markup, with a market capitalization of approximately $1.53 trillion.

Bitcoin spot-price reading

$76,339

Supplied market-data reading: +0.70% over 24 hours. Price is market context, not evidence of the bill’s status.

The congressional push for a Strategic Bitcoin Reserve has been accompanied by separate proposals including zero capital gains tax treatment for Bitcoin, though those provisions are not part of H.R. 8957 as introduced. Watch for the committee’s official vote record and any posted substitute text to determine what form of the bill, if any, clears the panel.

TLDR KEYPOINTS

H.R. 8957, the American Reserve Modernization Act of 2026, was listed on the House Financial Services Committee’s September 16 full-committee markup agenda.
Committee markup is a procedural step, not enactment; no official vote result or House floor schedule has been confirmed.
Key items to track: a published committee vote record, Rep. Steil’s substitute amendment text, and any Rules Committee or floor scheduling announcement.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.