The U.S. House of Representatives has released the full text of the Strategic Bitcoin Reserve Act, introduced by Representative Nick Begich. The proposed "American Reserve Modernization Act of 2026" aims to create a U.S. "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile." Key provisions include the establishment of a Bitcoin reserve managed by the Treasury Department within 180 days, incorporating Bitcoins acquired through confiscation or penalties. Non-Bitcoin digital assets may be sold to increase Bitcoin holdings or repay government bonds. The bill mandates an on-chain Proof of Reserve system for quarterly public disclosures and requires federal agencies to declare digital assets within 60 days. It allows states to deposit state-owned Bitcoin into a federal account and protects individual self-custody rights. The act prohibits new borrowing or tax increases for Bitcoin purchases, instead suggesting budget-neutral acquisition methods. If passed, this legislation would mark the first national-level Bitcoin reserve system in the U.S., aligning Bitcoin with gold as a strategic asset.