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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.

Senate Actions

Calendars
Apr. 04 2022	Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.

Committee
Apr. 04 2022	Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.
Mar. 23 2022	Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.

IntroReferral
Feb. 16 2022	Read twice and referred to the Committee on Foreign Relations.

Library of Congress Actions

Committee
Apr. 04 2022	Committee on Foreign Relations. Reported by Senator Menendez with an amendment in the nature of a substitute. Without written report.

IntroReferral
Feb. 16 2022	Introduced in Senate

Senate bill S3666-117

ACES Act

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