HR 7391 United States House · 117th Congress

ACES Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2022

Committee Review

Floor Vote

President

Introduced Apr 4, 2022 Last action Apr 4, 2022

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Full legislative history

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Key actions

Committee

Apr 4, 2022

Committee

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.

lower

Apr 4, 2022

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors