American Reserve Modernization Act of 2026 advances to House vote

U.S. Treasury: The U.S. Department of the Treasury manages federal finances, collects revenue, and oversees economic policy including asset management. The American Reserve Modernization Act of 2026 would establish a Strategic Bitcoin Reserve at the Treasury to hold qualifying government Bitcoin, primarily from forfeiture cases, along with a separate Digital Asset Stockpile. The department would also handle public reporting, audits, and custody requirements under the proposed legislation. House Financial Services Committee: The House Financial Services Committee is a standing congressional committee responsible for legislation on banking, housing, monetary policy, and financial institutions. It recently advanced the American Reserve Modernization Act of 2026 through markup, moving the bill forward in the legislative process. This action addresses the creation of a federal Bitcoin reserve and related digital asset policies. American Reserve Modernization Act of 2026: The American Reserve Modernization Act of 2026 is a bill that seeks to codify a Strategic Bitcoin Reserve within the federal government. It was marked up and advanced by the House Financial Services Committee as a key step toward potential enactment. The legislation focuses on long-term holding rules, oversight mechanisms, and study of additional acquisitions without mandating new purchases. Asset Management: The proposed reserve would focus on Bitcoin acquired through existing forfeiture processes rather than directing new government purchases. Legislative Progress: The bill has completed an initial committee review but still requires full House approval, Senate action, and presidential signature to become law.