Bill > S4251

This bill, titled the "Mined in America Act of 2026," aims to bolster the United States' position in blockchain and digital asset technologies by promoting domestic manufacturing and reducing reliance on hardware from foreign adversaries. It directs the Secretary of Commerce to establish a voluntary "Mined in America Certification Program" to certify mining facilities and pools that meet specific criteria, including being located in the U.S. or friendly nations and not being controlled by entities linked to foreign adversaries. This certification can then be used as a basis for eligibility in federal programs like loans and grants. The bill also outlines a phased approach to phasing out the use of mining hardware manufactured by entities related to foreign adversaries, with a complete ban by 2030. Furthermore, it seeks to encourage the replacement of foreign-made mining hardware with U.S.-manufactured or friendly nation-manufactured compute infrastructure by amending existing federal programs, such as those administered by the Department of Energy and the Department of Agriculture, to prioritize or include projects that utilize such infrastructure. The bill also includes provisions for a study on the grid-management capabilities of mining operations, a study on decentralized artificial intelligence infrastructure, support for developing secure and energy-efficient crypto-mining hardware, and a program to promote exports of U.S.-made mining equipment to friendly nations. Finally, it codifies the establishment of a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile, allowing for the acquisition of Bitcoin mined by certified entities without capital gains tax to bolster this reserve, and permits the Treasury to generate yield from certain digital assets to acquire more Bitcoin.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/4251/all-info