# 119-hr-8957: American Reserve Modernization Act of 2026

119-hr-8957, American Reserve Modernization Act of 2026, is a 119th Congress bill sponsored by Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK); status in_committee; PRIA reads it as touching household money (as of 2026-09-26).

- Canonical: https://policyrisk.com/legislation/119-hr-8957
- As of: 2026-09-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8957
- Congress: 119
- Title: American Reserve Modernization Act of 2026
- Status: in_committee
- Introduced: 2026-05-21
- Sponsor: Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK)
- Cosponsors: 23
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-26

## Summary

**Federal Strategic Bitcoin Reserve** and a Digital Asset Stockpile centralize how the government holds, secures, and disposes of cryptocurrency. The bill sets long mandatory holding periods, public audits, and strict rules for any sales or transfers. - Federal agencies must inventory and deposit qualifying Bitcoin into the Strategic Bitcoin Reserve and other digital assets into the Digital Asset Stockpile. Agencies keep custody during a short interim period and may not sell or otherwise dispose of Bitcoin except narrowly for national security or court-ordered restitution. - The Reserve enforces a 20-year minimum holding period for deposited Bitcoin and limits post-holding sales to up to 10% of Reserve assets in any two-year window under rules meant to avoid market disruption. Forks and airdrops face a five-year hold and only the dominant fork is automatically retained. - States may opt into segregated Reserve accounts under contract terms that set security, liability, and withdrawal rules. The Act requires quarterly public cryptographic attestations, independent audits, Comptroller General oversight, and directs Stockpile proceeds to either increase Reserve holdings or reduce the national debt while prohibiting acquisition by borrowing. *Aims to avoid new deficit spending by requiring budget-neutral acquisition studies and directing transaction proceeds toward Reserve increases or debt reduction.*

## Cosponsors (23)

- Rep. Golden, Jared F. [D-ME-2] (D-ME), 2026-05-21T00:00:00.000Z
- Rep. Van Epps, Matt [R-TN-7] (R-TN), 2026-05-21T00:00:00.000Z
- Rep. Owens, Burgess [R-UT-4] (R-UT), 2026-05-21T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2026-05-21T00:00:00.000Z
- Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA), 2026-05-21T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2026-05-21T00:00:00.000Z
- Rep. Harrigan, Pat [R-NC-10] (R-NC), 2026-05-21T00:00:00.000Z
- Rep. Rulli, Michael A. [R-OH-6] (R-OH), 2026-05-21T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2026-05-21T00:00:00.000Z
- Rep. Hamadeh, Abraham J. [R-AZ-8] (R-AZ), 2026-05-21T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-05-21T00:00:00.000Z
- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2026-05-21T00:00:00.000Z
- Rep. Collins, Mike [R-GA-10] (R-GA), 2026-05-21T00:00:00.000Z
- Rep. Taylor, David J. [R-OH-2] (R-OH), 2026-05-21T00:00:00.000Z
- Rep. Moore, Riley M. [R-WV-2] (R-WV), 2026-05-21T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2026-05-21T00:00:00.000Z
- Rep. Evans, Gabe [R-CO-8] (R-CO), 2026-05-21T00:00:00.000Z
- Rep. Cline, Ben [R-VA-6] (R-VA), 2026-05-21T00:00:00.000Z
- Rep. McDowell, Addison P. [R-NC-6] (R-NC), 2026-05-21T00:00:00.000Z
- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2026-05-21T00:00:00.000Z
- Rep. Fong, Vince [R-CA-20] (R-CA), 2026-05-21T00:00:00.000Z
- Rep. Donalds, Byron [R-FL-19] (R-FL), 2026-05-26T00:00:00.000Z
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2026-06-29T00:00:00.000Z

## Provisions PRIA read

- Protecting lawfully owned Bitcoin: benefit, low. If enacted, the bill would say the federal government may not seize or impair lawfully acquired Bitcoin. It would affirm your right to buy, hold, transfer, or sell Bitcoin under the law. It would recognize self-custody of private keys as a protected right.
- New Treasury Bitcoin Reserve and Stockpile: mixed, high. If enacted, the Treasury would create a Strategic Bitcoin Reserve and a Digital Asset Stockpile within 180 days. The government would publish quarterly Proof of Reserve reports with cryptographic attestations and independent audits. All qualifying Bitcoin would go into the Reserve and be held at le…
- Studies on Bitcoin Buys and Sales: mixed, low. If enacted, the Treasury and Commerce Secretaries would report within 180 days on lawful, budget-neutral ways to acquire more Bitcoin and give annual updates for five years. The study must identify candidate mechanisms and say whether acquisitions could be budget-neutral and would not authorize bor…

## Related bills

- 119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-2853: Combating Organized Retail Crime Act of 2025

## Sources
- [119-hr-8957 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8957)

## Related
- [119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1628)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-2853: Combating Organized Retail Crime Act of 2025](https://policyrisk.com/legislation/119-hr-2853)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8957 (as of 2026-09-26).