HR8957Referred to Committee

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.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-21
Introduced
22
Cosponsors
HR
ⓘ
Type

Sponsor

Nicholas J. Begich III
Nicholas J. Begich III
Republican · AK · Representative
Votes with party: 96.0% (548 recorded votes)

Full profile: /officials/B001323

Source: Congress.gov · FEC

Cosponsors (22)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-05-21

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The federal government would create an official reserve of Bitcoin similar to how it holds gold reserves, with rules to ensure the public knows how much Bitcoin is being held and how it's being managed. The bill would use certain resources from the Federal Reserve System to help pay for this program. This would affect federal finances and potentially give the government a stake in cryptocurrency holdings.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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