To give the force and effect of law to the Executive Order issued on March 6, 2025 entitled "Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile".

119th Congress Introduced by Byron Donalds

Codifies the March 6, 2025 executive order creating a Strategic Bitcoin Reserve and US Digital Asset Stockpile into law, binding federal agencies to its policy.

Introduced in House

Overview

Bill Number: HR 2112

Title: To give the force and effect of law to the Executive Order issued on March 6, 2025 entitled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.”

Status: Introduced in the House

Introduced: March 14, 2025

Classification: Bill

Sponsor (primary): Byron Donalds

Purpose and Intent

The bill is designed to convert a specific Executive Order (EO) into law.

Specifically, it would give the March 6, 2025 EO—titled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile”—the force and effect of law, creating a statutory framework for the policy articulated in the EO.

Key Provisions (as described by the available version)

Core mechanism: The EO’s provisions would be codified into statute, thereby binding federal entities to implement the policy as law rather than as an executive directive alone.

Substantive content: The text provided does not enumerate additional substantive provisions beyond codifying the EO. No specific targets, budgets, asset quantities, governance structures, or implementation steps are detailed in the available version.

Implication: If enacted, the policy directions in the EO would become statutory obligations for federal agencies.

What Would Be Affected

Federal agencies: Responsible for implementing and managing the policy outlined in the EO would be affected, subject to statutory requirements established by HR 2112.

U.S. digital asset policy landscape: By codifying the EO, the government would formalize the establishment of a strategic Bitcoin Reserve and United States Digital Asset Stockpile within statutory law, influencing future regulatory and operational decisions.

Procedural and Timeline Details

Committee action: Referred to the House Committee on Financial Services on March 14, 2025.

Legislative trajectory: Introduced in the House and referred to committee; no further actions (e.g., floor vote or passage) are listed in the provided information.

Next steps (typical): If advanced, potential committee hearings, markups, and floor votes could occur; further amendments or companion bills in the Senate (if any) could affect overall progression.

Additional Considerations

Codifying an EO into law can create longer-lasting statutory obligations and may limit future presidential modification of the policy without further legislative action.

While the specific implementation details are not included in the provided text, adoption could have budgetary and market implications depending on how the reserve/stockpile is to be created, stored, secured, and managed.

If you’d like, I can expand this with a comparison to typical implications of codifying an executive order or draft potential questions for committee consideration.

Bill