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Bill117th CongressFiled Feb 16, 2022International Affairs
S. 3666

ACES Act

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What it doesSummary reported to senate (Apr 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.

What just happenedApr 4, 2022

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

Who’s behind it

Sen. Risch, James E. [R-ID](R-ID)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors1committees6actions1related bills10subjects
  1. Apr 4, 2022Calendars

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

  2. Apr 4, 2022Committee

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

    Foreign Relations Committee
  3. Apr 4, 2022Committee14000

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

    Foreign Relations Committee
  4. Mar 23, 2022Committee

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

    Foreign Relations Committee
  5. Feb 16, 2022IntroReferral

    Read twice and referred to the Committee on Foreign Relations.

    Foreign Relations Committee
  6. Feb 16, 2022IntroReferral10000

    Introduced in Senate

Reported to SenateApr 4, 202225

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.

Introduced in SenateFeb 16, 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.

ACES Act — Informed