I don't have my ACI 530 available, but I remember it specifically requires a certain percentage of the vertical reinforcement of walls to be anchored into the foundation. This allows you to skip some, which is very useful in renovations of existing walls, such as upgrading old buildings to new wind/seismic codes. I have never opted to do this on new construction.
By doubling the reinforcement you are doubling the lateral strength, since each filled cell is only carrying half the load. I seriously doubt the controlling factor in this wall or any other reinforced CMU wall is the connection to the foundation. I would guess in most instances friction and the bond strength of the mortar would calc out to meet your in- and out-of-plane shear requirements. Throw in your bars at 48" o.c. and you are WAY over designed for those two loading conditions. In my experience in high wind conditions, net uplift at the foundation can be a concern for shorter walls (less dead weight), and then the capacity of the bond beams since they span between the filled cells and have an uplift force applied to them.
All of these things in my experience end up normally being cursory checks of your standard calcs and details, the real issue is lateral and axial combined loading of the CMU itself.
HTH,
a2k