According to CoinMeta, as reported by bitcoinnews, Representative Ron Reynolds from the Democratic Party in Texas, USA, has submitted House Bill No. 815 (H.R. 815), which proposes to amend the state's Public Funds Investment Act. The bill authorizes each city or county within the state to directly invest up to $10 million in public funds in Bitcoin or other cryptocurrencies. This limit is set for each individual city or county, without a unified state-level fund pool, and there are no mandatory requirements to limit investments to Bitcoin or to adhere to the $500 billion market value threshold and custody regulations found in the state's strategic reserve act. However, local governments are still required to incorporate crypto assets into their statutory written investment policies before implementation. This bill is a streamlined version of the previously unpassed H.R. 4258. If enacted successfully and signed into law, this investment authority will officially take effect on September 1, 2027.