U.S. House Committee to Review Bitcoin Reserve Legislation on September 16
- The U.S. House Financial Services Committee will consider H.R. 8957, the American Reserve Modernization Act of 2026 (ARMA), on September 16, aiming to establish a strategic bitcoin reserve.
- If approved, the bill would limit future administrations’ ability to alter the policy through executive action.
- A proposed amendment mandates a minimum holding period of twenty years for reserve assets and independent verification of reserve data.
- The U.S. Treasury would have six months post-enactment to establish the reserve and report on federal bitcoin holdings.
- Transparency measures require quarterly disclosures regarding bitcoin amounts and transactions, verified by independent auditors.
This legislation seeks to formalize a strategic bitcoin reserve initially established by an executive order in March, enhancing governmental oversight and management of digital assets.
The ARMA’s requirement for a twenty-year holding period reflects a commitment to long-term asset management in the evolving landscape of bitcoin investments.
