🏛️ Updates on U.S. House Bill 8957 (American Reserve Modernization Act)
Official Title as Introduced
To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.
After being officially introduced as a bipartisan bill, H.R. 8957 has made significant legislative progress. The bill has successfully passed its first major legislative barrier by clearing the House Committee on Financial Services on September 17, 2026, with a 28–21 bipartisan vote. After passing this stage, the bill is still being considered on the full U.S. House floor, awaiting a vote on its schedule before it can proceed to further stages.
This bill has received strong institutional support because it offers a practical framework to modernize federal crypto asset stewardship without relying on new taxpayer spending or debt creation. Key highlights include:
✅ Transparent Management
✅ 20-Year Mandatory Hold
✅ Consolidated Reserve Structure
✅ Budget-Neutral Design
And here are the co-sponsors of this Bill so far:
Rep. Golden, Jared F. [D-ME-2]
Rep. Van Epps, Matt [R-TN-7]
Rep. Owens, Burgess [R-UT-4]
Rep. Carey, Mike [R-OH-15]
Rep. Carter, Earl L. "Buddy" [R-GA-1]
Rep. Moore, Barry [R-AL-1]
Rep. Harrigan, Pat [R-NC-10]
Rep. Rulli, Michael A. [R-OH-6]
Rep. Miller-Meeks, Mariannette [R-IA-1]
Rep. Hamadeh, Abraham J. [R-AZ-8]
Rep. Lawler, Michael [R-NY-17]
Rep. Haridopolos, Mike [R-FL-8]
Rep. Collins, Mike [R-GA-10]
Rep. Taylor, David J. [R-OH-2]
Rep. Moore, Riley M. [R-WV-2]
Rep. Moore, Tim [R-NC-14]
Rep. Evans, Gabe [R-CO-8]
Rep. Cline, Ben [R-VA-6]
Rep. McDowell, Addison P. [R-NC-6]
Rep. Ogles, Andrew [R-TN-5]
Rep. Fong, Vince [R-CA-20]
Rep. Donalds, Byron [R-FL-19]
Rep. Salazar, Maria Elvira [R-FL-27]
H.R. 8957 Progress Summary✅ Introduced in the House (May 21, 2026)
✅ Signed by Original Co-Sponsors (Nick Begich, Jared Golden, and 20+ members)
✅ Referred to House Committee on Financial Services (May 21, 2026)
✅ Passed House Financial Services Committee Markup & Vote (28–21) (September 17, 2026)
🕒 Pending Full House Floor Vote
🕒 Pending Introduction & Pass in the Senate
❌ Not yet signed by the President