Bitcoin for America Act
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Nov 20, 2025
What it does
The Bitcoin for America Act would allow taxpayers to pay federal taxes, penalties, and other amounts due under the Internal Revenue Code using Bitcoin, with payments valued at fair market value at the time of transfer and no capital gains or losses recognized on the portion used to satisfy tax liability. It would establish a Strategic Bitcoin Reserve managed by the Secretary of the Treasury to hold Bitcoin received as tax payments, requiring long-term retention with limited annual disposals after a 20-year holding period and mandating annual public reporting on holdings and security arrangements. The bill applies to all federal taxpayers and directs the Secretary to issue regulations on payment procedures, valuation methods, lot selection, and third-party financial agents to facilitate Bitcoin tax payments and reserve management.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
Sponsors
Connections
Its sponsors, who gave them money, and who lobbied on it. A gift is not a position on the bill.
The record
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