ACES Act

Fact Sheet API

Bill Number

S 3666

Introduced

Feb 16, 2022

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.

Sponsor

Cosponsors

Topics

Computers and information technology Congressional oversight Currency Digital media El Salvador Foreign and international banking Forests, forestry, trees International Affairs Internet, web applications, social media Land use and conservation Latin America

Full Text

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Votes

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.

Actions

Apr 4, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.
Apr 4, 2022

Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Mar 23, 2022

Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Feb 16, 2022

Read twice and referred to the Committee on Foreign Relations.
Feb 16, 2022

Introduced in Senate

Amendments

Related Bills