[U.S. House of Representatives' 'American Reserve Modernization Act' Proposes 20-Year Holding Period for Strategic Bitcoin Reserves] Foresight News reports, according to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' 'American Reserve Modernization Act' (H.R.8957, ARMA) has been made public. The bill was introduced on May 21 by Alaska Representative Nicholas Begich and has now been referred to the House Financial Services Committee for review. The main provisions of the bill include: incorporating Bitcoin obtained 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 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. In terms of forward-looking provisions, the bill requires the Treasury Department and the Commerce Department to jointly study within 180 days the feasibility of increasing Bitcoin holdings in a budget-neutral manner. This includes converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, 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 more moderate and politically feasible, but it still leaves room for the federal government to increase its Bitcoin holdings in the future.