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117-hr-7391117th Congress

ACES Act

Sponsored By: Representative Torres, Norma J. [D-CA-35]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Torres, Norma J. [D-CA-35]

CA • D

Cosponsors

  • Rep. Crawford, Eric A. "Rick" [R-AR-1]

    AR • R

    Sponsored 4/4/2022

  • Rep. Sires, Albio [D-NJ-8]

    NJ • D

    Sponsored 4/5/2022

Roll Call Votes

No roll call votes available for this bill.

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