H.R. 7391 · 117th Congress · House

ACES Act

Active· Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determ…
Introduced
Apr 4, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

4
  1. APR 04, 2022•IntroReferral

    Introduced in House

  2. APR 04, 2022•IntroReferral

    Introduced in House

  3. APR 04, 2022•IntroReferral

    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.

  4. APR 04, 2022•IntroReferral

    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.

Committees

2

Foreign Affairs Committee

hsfa00

Referred: Apr 4, 2022

Active

Financial Services Committee

hsba00

Referred: Apr 4, 2022

Active