Congressman Nick Begich’s Strategic Bitcoin Reserve bill has now moved from announcement to public legislative text, giving the market a clearer look at how lawmakers want to turn federal Bitcoin holdings into a long-term Treasury reserve. The proposal, H.R. 8957, is titled the American Reserve Modernization Act of 2026. Begich introduced the bill on May 21 with Democratic co-lead Jared Golden and a group of Republican original co-sponsors, framing it as a way to establish a Strategic Bitcoin Reserve and modernize federal digital asset management.