The US House Financial Services Committee approved the American Reserve Modernization Act (ARMA, H.R. 8957) on September 16, 2026, by a vote of 28 to 21, seeking to codify the Strategic Bitcoin Reserve initiated by President Trump’s executive order in 2025. The bill requires the Treasury to create a secure storage infrastructure and a comprehensive inventory of federal Bitcoin holdings, but Section 9 explicitly prohibits any borrowing, new taxation, or deficit spending to acquire Bitcoin. The US government already holds approximately 324,527 BTC, valued at nearly $24.9 billion at current prices, making it the world’s largest sovereign Bitcoin holder. The legislation mandates a minimum 20-year holding period with a maximum of 10% of assets authorized for sale every two years after that deadline, potentially creating a sustained supply shock over two decades.
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