U.S. Representatives Nick Begich of Alaska and Jared Golden of Maine have introduced the American Reserve Modernization Act (ARMA), aiming to establish a strategic Bitcoin reserve within the U.S. Treasury. The bill proposes the creation of an independent digital asset reserve to manage non-Bitcoin digital assets held by the federal government. It mandates federal agencies to report and transfer their digital assets to the Treasury for centralized management. The ARMA includes provisions for quarterly "proof of reserve" audits, third-party evaluations, and Congressional oversight. It stipulates that Bitcoin in the strategic reserve must be held for at least 20 years. Additionally, the bill calls for exploring budget-neutral strategies to increase holdings without raising taxes, fiscal deficits, or national debt.