The House Financial Services Committee advanced legislation that would place federally owned Bitcoin under a statutory Treasury reserve, approving the American Reserve Modernization Act by 28-21 on September 16. H.R. 8957, introduced by Republican Rep. Nick Begich with Democratic co-lead Jared Golden, would establish a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Treasury. The committee adopted a substitute amendment before reporting the bill favorably, moving the Bitcoin reserve proposal beyond its initial committee stage.