S 3666 · 117th Congress · International Affairs
ACES Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 321.(2022-04-04)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 3666, Accountability for Cryptocurrency in El Salvador Act
Apr 26, 2022As reported by the Senate Committee on Foreign Relations on April 4, 2022
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office