H.R.7391: ACES Act

About This Bill

  • Introduced April 4, 2022
  • Latest Major Action April 4, 2022

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Version

Bill 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...

(Source: Library of Congress)

Bill Actions

Date Description
April 4, 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.
April 4, 2022

Introduced in the House by Norma Torres (D-Calif.)

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