ACES Act

United States117th CongressHR-7391House of Representatives
Updated: Apr 4, 2022

Summary

Accountability for Cryptocurrency in El Salvador Act or ACES Act This bill requires the Department of State to devise and implement a plan to mitigate any potential risk to the U.S. financial system posed by the adoption of a cryptocurrency as legal tender in El Salvador and any other country that uses the U.S. dollar as legal tender. The State Department must report to Congress on this plan and on various issues relating to El Salvador's adoption of Bitcoin as legal tender.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

Latest companion bill action

S-3666: ACES Act

Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.

  1. Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    House of Representatives

  2. Introduced in House

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