U.S. lawmakers introduced the American Reserve Modernization Act of 2026 on Thursday, a bipartisan bill seeking to acquire 1 million Bitcoin (CRYPTO: BTC) over five years and establish a Strategic Bitcoin Reserve.
Bill Would Hold Bitcoin For 20 Years Minimum
The legislation, sponsored by Alaska Republican Representative Nick Begich with 16 co-sponsors, would require Bitcoin to be held for a minimum of 20 years unless sold to reduce the national debt, which topped $39 trillion on Wednesday.
“The US is already one of the largest holders of Bitcoin in the world. But Congress has never set a federal policy on what to do with that asset,” said Representative Jared Golden, a co-sponsor.
The US currently holds 328,372 Bitcoin worth more than $25.5 billion—the most of any nation-state—but has sold portions through court-ordered actions over the years with no coherent strategy.