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BlockBeats News: On March 20th, according to BitcoinLaws, the Missouri Bitcoin Reserve Act HB1217 has been submitted to the House Intergovernmental Affairs Select Committee. This is a slower progressing item in the state-level Strategic Bitcoin Reserve (SBR) bill, which has now entered the committee stage six weeks after its introduction. BlockBeats previously reported that on February 7th, Missouri Congressman Ben Keathley proposed Bill 1217, proposing the establishment of a Bitcoin Strategic Reserve Fund to diversify the state's investment portfolio. If the bill becomes law, it will allow Missouri Treasurers to "receive, invest, and hold Bitcoin under certain circumstances.