Nicholas Begich (R-AK)
American Reserve Modernization Act of 2026
A Republican bill with 1 Democratic cosponsor · See all 23 cosponsors
Last activity — Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21.
Introduced, nothing more yet
Formally proposed, and not yet handed to a committee.
Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.
Its path through Congress
- Introduced
What this bill would do
The bill establishes a Strategic Bitcoin Reserve and a Digital Asset Stockpile within the Department of the Treasury to manage the federal government's digital assets. It requires the government to hold acquired Bitcoin for at least 20 years and prohibits federal agencies from selling their Bitcoin holdings during an interim period. The legislation mandates strict transparency measures, including quarterly public reports and independent third-party audits of the reserve. It also allows individual states to voluntarily store their state-owned Bitcoin in segregated accounts within the federal reserve. Finally, the bill directs the government to study budget-neutral strategies for acquiring more Bitcoin and explicitly protects private citizens' rights to own and self-custody digital assets.
Yes· 3 of 8
- Scored +6
Does this make what the government does easier for the public to see?
The bill mandates a 'Proof of Reserve' system with quarterly public reports and third-party audits.
- Scored +5
Does this reduce what the federal government owes?
The bill allows proceeds from the sale of non-Bitcoin digital assets to be used to reduce the national debt.
- Scored +5
Does this better protect the country from computer attacks?
The bill mandates specific cybersecurity measures to protect the strategic digital asset reserve.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Transparency and Accountability: Section 6 establishes a Proof of Reserve system requiring quarterly public reports, cryptographic attestations, and independent third-party audits. This ensures the public and elected officials can clearly see how government Bitcoin holdings are managed and guarded.
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Protection of Private Ownership: Section 10 explicitly affirms that the government cannot seize, confiscate, or impair the lawfully acquired Bitcoin holdings of private individuals or businesses. This protects everyday citizens and guarantees their right to maintain self-custody of their digital assets.
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Voluntary State Participation: Section 8 allows individual states to voluntarily store their state Bitcoin holdings in segregated accounts within the Strategic Bitcoin Reserve. Participating states retain full title and legal interest in their stored assets while having the option to withdraw or transfer them according to agreed terms.
Potential Negative Impacts for People
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Long-Term Holding Restrictions: Section 5 requires the Treasury Secretary to hold all Bitcoin deposited in the Strategic Bitcoin Reserve for at least 20 years without selling, swapping, or disposing of it. This restriction prevents the government from using these valuable assets to address immediate economic needs or emergencies for two decades.
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Risk Assumption for States: Section 8 states that any participating state must explicitly acknowledge that digital asset custody carries inherent, unavoidable risks. By placing state assets in the federal reserve, the state and its taxpayers assume all risks associated with that voluntary placement.
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.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates a 'Proof of Reserve' system with quarterly public reports and third-party audits. Does this protect people from being watched or searched? — The bill explicitly affirms the protection of property rights and the importance of self-custody of private keys. Does this give the federal government more power? — The bill centralizes federal digital asset holdings within the Department of the Treasury. Does this leave more decisions to the states? — The bill allows states to voluntarily participate in the storage program with segregated accounts.
- Economy And Finance
- Does this reduce what the federal government owes? — The bill allows proceeds from the sale of non-Bitcoin digital assets to be used to reduce the national debt. Does this make the government pay for what it commits to? — The act mandates transparent management and auditing of federal digital assets. Is this likely to grow the economy? — Establishing a strategic reserve is intended to enhance financial leadership and innovation in the global economy.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — The bill mandates specific cybersecurity measures to protect the strategic digital asset reserve.
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21.
- 6/29/2026
- 1 Cosponsor added.
- 5/26/2026
- 1 Cosponsor added.
- 5/21/2026
- Referred to the House Committee on Financial Services.
- 21 Cosponsors added.
- Introduced in House
Earl CarterRepublican · Georgia
Ben ClineRepublican · Virginia
Mike CareyRepublican · Ohio
Mike CollinsRepublican · Georgia
Byron DonaldsRepublican · Florida
Gabe EvansRepublican · Colorado
Vince FongRepublican · California
Jared GoldenDemocrat · Maine
Abraham HamadehRepublican · Arizona
Mike HaridopolosRepublican · Florida
Pat HarriganRepublican · North Carolina
Michael LawlerRepublican · New York
Barry MooreRepublican · Alabama
Mariannette Miller-MeeksRepublican · Iowa
Riley MooreRepublican · West Virginia
Tim MooreRepublican · North Carolina
Addison McDowellRepublican · North Carolina
Burgess OwensRepublican · Utah
Andrew OglesRepublican · Tennessee
Michael RulliRepublican · Ohio
Maria SalazarRepublican · Florida
David TaylorRepublican · Ohio
Matt Van EppsRepublican · Tennessee