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ACES Act

USA117th CongressHR-7391| House 
| Updated: 4/4/2022
Norma J. Torres

Norma J. Torres

Democratic Representative

California

Cosponsors (2)
Eric A. "Rick" Crawford (Republican)Albio Sires (Democratic)

Foreign Affairs Committee, Financial Services 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
Apr 4, 2022

Latest Companion Bill Action

S 117-3666
Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Apr 4, 2022
Introduced in House
Apr 4, 2022
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.
  • April 4, 2022

    Latest Companion Bill Action

    S 117-3666
    Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
  • April 4, 2022
    Introduced in House
  • April 4, 2022
    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.

International Affairs

Related Bills

  • S 117-3666: ACES Act

ACES Act

USA117th CongressHR-7391| House 
| 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 4, 2022

Latest Companion Bill Action

S 117-3666
Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Apr 4, 2022
Introduced in House
Apr 4, 2022
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.
  • April 4, 2022

    Latest Companion Bill Action

    S 117-3666
    Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
  • April 4, 2022
    Introduced in House
  • April 4, 2022
    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.
Norma J. Torres

Norma J. Torres

Democratic Representative

California

Cosponsors (2)
Eric A. "Rick" Crawford (Republican)Albio Sires (Democratic)

Foreign Affairs Committee, Financial Services Committee

International Affairs

Related Bills

  • S 117-3666: ACES Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted