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
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
Plain-English 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.
What's happening now
Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.
Committees of jurisdiction
1
Cosponsors
1