S 3666 United States Senate · 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

Feb 2022

Committee Review

Floor Vote

President

Introduced Feb 16, 2022 Last action Apr 4, 2022

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 4, 2022

Upper · Passed

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

upper

Mar 23, 2022

Upper · Passed

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

upper

Feb 16, 2022

Committee

Read twice and referred to the Committee on Foreign Relations.

upper

Feb 16, 2022

Introduced

Introduced in Senate

upper

1 primary · 2 co-sponsors