ACES Act
USA117th CongressS-3666| Senate
| Updated: 4/4/2022
James E. Risch
Republican Senator
Idaho
Cosponsors (2)
Foreign Relations Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.
Latest Companion Bill Action
HR 117-7524Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
International Affairs
Computers and information technologyCongressional oversightCurrencyDigital mediaEl SalvadorForeign and international bankingForests, forestry, treesInternet, web applications, social mediaLand use and conservationLatin America
ACES Act
USA117th CongressS-3666| Senate
| Updated: 4/4/2022
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.
Latest Companion Bill Action
HR 117-7524Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
James E. Risch
Republican Senator
Idaho
Cosponsors (2)
Foreign Relations Committee
International Affairs
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Computers and information technologyCongressional oversightCurrencyDigital mediaEl SalvadorForeign and international bankingForests, forestry, treesInternet, web applications, social mediaLand use and conservationLatin America