The House of Representatives' "Modernization of American Reserve Act" proposes a 20-year holding period for strategic Bitcoin reserves

Foresight News reports that, according to the official website of the United States Congress, the full text of the “American Reserve Modernization Act” (H.R.8957, ARMA) has been published. The bill was introduced by Alaska Representative Nicholas Begich on May 21, and has now been referred to the House Financial Services Committee for review. The main contents of the bill include: placing Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, setting a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly proof-of-reserve mechanism with third-party independent audits; and allowing states to voluntarily custody their Bitcoin in independent accounts within the Federal Reserve.

Regarding forward-looking provisions, the bill requires the Treasury Department and Commerce Department to jointly study, within 180 days, a budget-neutral approach to increasing Bitcoin holdings. This would include converting non-Bitcoin digital assets, forfeited proceeds, voluntary donations, tax or tariff income, and utilizing mechanisms related to the Federal Reserve or gold certificates. Analysts point out that compared to the previous “BITCOIN Act,” which called for the purchase of 1 million Bitcoins, ARMA is milder and has greater political viability but still leaves room for the federal government to increase its Bitcoin holdings in the future.