S 3666 117th Congress Senate International Affairs Computers and information technology Congressional oversight Currency Digital media El Salvador Foreign and international banking Forests, forestry, trees Internet, web applications, social media Land use and conservation Latin America

ACES Act

Introduced: February 16, 2022 Introduced by: Risch, James E. Republican · Idaho See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

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

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Plain-English summary Congressional Research Service

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.

What's happening now April 4, 2022

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

Related & companion bills 1

Bill text 2 versions