A Republican bill with no cosponsors
Last activity — Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Bitcoin for America Act" seeks to allow taxpayers to pay Federal taxes using Bitcoin. Under this bill, the Secretary of the Treasury would oversee the acceptance of these payments, which can be transferred directly to a designated network address or through a third-party financial agent. The Bitcoin received from these tax payments must be deposited into a new Strategic Bitcoin Reserve. The Secretary is authorized to manage the custody and security of this reserve, including the use of cold storage. To ensure long-term holding, the bill restricts the sale or disposal of the reserve's Bitcoin for a 20-year period.
Yes· 3 of 14
- Scored +3
Does this reduce what the federal government owes?
The establishment of a Bitcoin reserve is intended to create a self-sustaining fiscal mechanism that reduces reliance on debt-based financing.
- Scored +3
Does this make the government pay for what it commits to?
The reserve is intended to enhance the national balance sheet through an appreciating digital asset.
- Scored +2
Is this likely to slow the rise in prices?
The bill aims to mitigate risks of fiat currency devaluation by diversifying national wealth into a scarce, non-inflationary asset.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Financial Inclusion: The bill notes that Bitcoin's permissionless nature allows individuals to participate in the global economy without needing traditional banking systems, which can empower underserved populations (Section 1(b)(4)).
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Taxpayer Flexibility and Nonrecognition of Gains: Taxpayers can pay their taxes using Bitcoin without being required to recognize a gain or loss on the transfer, provided the amount does not exceed their tax liability (Section 2(a)(c) and 2(a)(d)).
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Lot Selection Control: For those holding various amounts of Bitcoin, the bill allows taxpayers to designate specific "lots" of Bitcoin to be transferred, using methods like specific identification or first-in first-out (Section 2(a)(g)).
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National Financial Resilience: The creation of a Strategic Bitcoin Reserve is intended to diversify national wealth into a non-inflationary asset, which could strengthen the nation against economic instability and currency devaluation (Section 1(b)(2) and 1(b)(5)).
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Global Competitiveness: By acquiring Bitcoin through tax revenues, the United States aims to bolster its global competitiveness and secure a stake in a decentralized asset (Section 1(b)(3)).
Potential Negative Impacts for People
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Restrictions on Asset Disposal: The Secretary is prohibited from selling, swapping, or disposing of the Bitcoin held in the Reserve for a 20-year period, and even after that, annual disposal is limited to no more than one-twentieth of the total holdings (Section 3(c)).
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Taxation of Excess Transfers: If a taxpayer transfers an amount of Bitcoin that exceeds their actual tax liability, that excess amount will be treated as a taxable disposition (Section 2(a)(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make the government pay for what it commits to? — The reserve is intended to enhance the national balance sheet through an appreciating digital asset. Does this reduce what the federal government owes? — The establishment of a Bitcoin reserve is intended to create a self-sustaining fiscal mechanism that reduces reliance on debt-based financing. Is this likely to grow the economy? — The acquisition of Bitcoin is intended to bolster national competitiveness and secure a stake in a decentralized economy. Is this likely to slow the rise in prices? — The bill aims to mitigate risks of fiat currency devaluation by diversifying national wealth into a scarce, non-inflationary asset. Does this cut taxes for middle-income families? — The bill provides flexibility for taxpayers to settle liabilities using Bitcoin without immediate capital gains recognition.
- Demographic And Interest Groups
- Would high-income households be better off under this? — The bill allows for the settlement of significant tax liabilities without the immediate recognition of capital gains. Would Black Americans be better off under this? — The move toward decentralized financial systems is intended to aid populations often excluded by traditional banking. Would households on low incomes be better off under this? — The permissionless nature of Bitcoin can increase financial inclusion for those outside the traditional banking system. Would middle-income households be better off under this? — Taxpayers gain the ability to choose specific Bitcoin lots to manage their tax liabilities more efficiently.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — Acquiring Bitcoin is viewed as a strategic move to maintain global competitiveness against other nations. Does this better protect the country from computer attacks? — The bill authorizes the use of cold storage and secure multi-signature arrangements to protect the reserve.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The Secretary is required to publish an annual public report regarding the total Bitcoin holdings and security arrangements.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Financial inclusion through decentralized assets is intended to help those without traditional bank access participate in the economy. Does this narrow racial gaps in how people are treated? — The bill's emphasis on permissionless financial access is intended to empower underserved populations excluded from traditional banking.
- 11/20/2025
- Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced in House