HR 6180119th CongressIn Committee

Bitcoin for America Act

Introduced: Nov 20, 2025

Sponsor: Rep. Davidson, Warren [R-OH-8] (R-Ohio)

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Bitcoin for America Act authorizes federal tax payments in Bitcoin, establishes a Strategic Bitcoin Reserve to hold the collected Bitcoin, and sets rules for valuation, non‑recognition of gains, and financial agent arrangements. It also requires reporting and oversight of the reserve and mandates long‑term retention of the Bitcoin.

Key Points

1Federal taxes may be paid in Bitcoin under new IRS rules.
2Collected Bitcoin is deposited into a Strategic Bitcoin Reserve.
3Payments are valued at fair market value with no gain/loss recognition for the portion satisfying the liability.
4The Treasury may contract with regulated financial institutions to receive, convert, and remit Bitcoin.
5Annual reporting on reserve holdings and custody arrangements is required.
6Bitcoin held in the reserve may only be disposed of after a 20‑year period and limited to 5% per year.

Impact Areas

Taxpayers who choose to pay taxes in BitcoinInternal Revenue Service and Treasury DepartmentFinancial institutions acting as agentsFederal government’s national wealth and financial resilienceVehicle manufacturers and consumers using BitcoinNational security and economic policy makers

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