Svmuureports that the full text of the "American Reserve Modernization Act" introduced by the U.S. House of Representatives has been made public. The bill, introduced on May 21 by Alaska Representative Nicholas Begich, has been referred to the House Financial Services Committee for consideration. The bill includes provisions to incorporate Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, with a minimum holding period of 20 years during which the Bitcoin cannot be sold or disposed of. It also establishes a quarterly reserve attestation mechanism and introduces third-party independent audits. Furthermore, it allows states to voluntarily custody their Bitcoin in independent accounts within the Federal Reserve. The bill also requires the Treasury Department and the Commerce Department to jointly study, within 180 days, feasible pathways for accumulating additional Bitcoin in a budget-neutral manner. These pathways include converting non-Bitcoin digital assets, funds from forfeitures, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to Federal Reserve or gold certificates.