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Main Subject: International Affairs

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.

House floor actions Actions

IntroReferral

Apr. 04
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.
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.

Library of Congress Actions

IntroReferral
Apr. 04 2022	Introduced in House Introduced in House

House bill HR7391-117

To require reports on the adoption of a cryptocurrency as legal tender in El Salvador, and for other purposes.

House bill HR7391-117

To require reports on the adoption of a cryptocurrency as legal tender in El Salvador, and for other purposes.

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