,,ii  #aag? ,,congress  #b;d ,session   
,s4 #cfff  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #af1 #bjbb,mr4
 ,ris* 7= himself1 ,mr4 ,m55dez1 & ,mr4 
,cassidy7 introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,=eign ,relations  ,a ,,bill  ,to       
require reports on ! adoption ( a       
cryptocurr5cy z legal t5d] 9 ,el        
,salvador1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,acc\ntability = ,cryptocurr5cy 9 ,el   
,salvador ,act or ,,aces ,act4  #b4     
,reports on adoption ( cryptocurr5cy z  
legal t5d] 9 ,el ,salvador  7a7 ,9 g5]al
 ,n lat] ?an #fj days aft] ! date ( !   
enactm5t ( ?is ,act1 ! ,secret>y (      
,/ate1 9 coord9ation ) ! heads ( o!r    
relevant ,f$]al dep>tm5ts & ag5cies1    
%all submit to ! appropriate committees 
( ,congress a report on ! adoption by ! 
,gov]nm5t ( ,el ,salvador ( a           
cryptocurr5cy z legal t5d]4  7b7        
,elem5ts ,! report requir$ by subsection
 7a7 %all include ! foll[+3 7#a7 ,a     

description ( ! process foll[$ by !     
,gov]nm5t ( ,el ,salvador to develop &  
enact ! ,bitco9 ,law 7,legislative      
,decree ,no4 #eg1 ,(ficial ,record ,no4 
#aaj1 ,volume #dca1 enact$ ,june #i1    
#bjba71 :i* provides ! cryptocurr5cy1   
,bitco91 ) legal t5d] /atus 9 ,el       
,salvador4  7#b7 ,an assessm5t (-- 7,a7 
! regulatory framework 9 ,el ,salvador )
 respect to ! adoption ( a cryptocurr5cy
 z legal t5d] & ! te*nical capacity (   
,el ,salvador to effectively mitigate ! 
f9ancial integrity & cyb] security risks
 associat$ ) virtual-asset transactions2
  7,b7 :e!r ! regulatory framework 9 ,el
 ,salvador meets ! requirem5ts ( !      
,f9ancial ,action ,task ,=ce ) respect  
to virtual-asset transactions2  7,c7 !  
impact on individuals & bus9esses (     
requir+ t5d] ( ,bitco92 &  7,d7 ! impact
 ( su* adoption ( a cryptocurr5cy on--  
7i7 ! macroeconomic /ability & public   
f9ances ( ,el ,salvador1 includ+        
taxation2  7ii7 ! rule ( law &          
democratic gov]nance 9 ,el ,salvador2   

7iii7 ! unbank$ population 9 ,el        
,salvador2  7iv7 ! fl[ ( remittances f !
 ,unit$ ,/ates to ,el ,salvador2  7v7   
,el ,salvador's relations ) multilat]al 
f9ancial in/itutions1 su* z !           
,int]national ,monet>y ,fund & ! ,^w    
,bank2  7vi7 bilat]al & int]national    
ef=ts to combat transnational illicit   
activities2  7vii7 ,el ,salvador's      
bilat]al economic & comm]cial           
relation%ip ) ! ,unit$ ,/ates & !       
pot5tial = r$uc$ use by ,el ,salvador ( 
! ,unit$ ,/ates doll>2 &  7viii7 exi/+  
,unit$ ,/ates sanctions frameworks & !  
pot5tial = ! use ( cryptocurr5cy to     
circumv5t su* sanctions4  7#c7 ,a       
description ( ! int]net infra/ructure ( 
,el ,salvador & an assessm5t (-- 7,a7 ! 
degree to :i* cryptocurr5cy is us$ 9 ,el
 ,salvador2  7,b7 matt]s relat+ to *a9 (
 cu/ody & ! pot5tial = hack+ & cyb]!ft (
 cryptocurr5cy2 &  7,c7 access to       
transp>5t & af=dable int]net & digital  
infra/ructure among ! unbank$ population
 ( ,el ,salvador4  7c7 ,plan ,to        

mitigate risks to ,unit$ ,/ates f9ancial
 sy/em pos$ by adoption ( cryptocurr5cy 
z legal t5d] 9 c]ta9 c\ntries  7#a7 ,9  
g5]al ,n lat] ?an #ij days aft] !       
submittal ( ! report requir$ by         
subsection 7a71 ! ,secret>y ( ,/ate1 9  
coord9ation ) ! heads ( o!r relevant    
,f$]al dep>tm5ts & ag5cies1 %all submit 
to ! appropriate committees ( ,congress 
a plan to mitigate any pot5tial risk to 
! ,unit$ ,/ates f9ancial sy/em pos$ by !
 adoption ( a cryptocurr5cy z legal t5d]
 9-- 7,a7 ,el ,salvador2 &  7,b7 any o!r
 c\ntry t uses ! ,unit$ ,/ates doll> z  
legal t5d]4  7#b7 ,implem5tation ,n lat]
 ?an #cj days aft] ! date on :i* ! plan 
is submitt$ "u p>agraph 7#a71 !         
,secret>y ( ,/ate %all comm5ce          
implem5tation ( ! plan4  7d7 ,subsequ5t 
report ,n lat] ?an #bgj days aft] !     
submittal ( ! report requir$ by         
subsection 7a71 ! ,secret>y ( ,/ate1 9  
coord9ation ) ! heads ( o!r relevant    
,f$]al dep>tm5ts & ag5cies1 %all submit 
to ! appropriate committees ( ,congress 

an updat$ v]sion ( su* report1 includ+ a
 description ( any significant          
developm5t relat$ to ! risks to ! ,unit$
 ,/ates f9ancial sy/em pos$ by ! use ( a
 cryptocurr5cy z legal t5d] 9 ,el       
,salvador4  7e7 ,appropriate committees 
( ,congress def9$ ,9 ?is section1 ! t]m 
appropriate committees ( ,congress      
means-- 7#a7 ! ,committee on ,=eign     
,relations & ! ,committee on ,bank+1    
,h\s+1 & ,urban ,affairs ( ! ,s5ate2 &  
7#b7 ! ,committee on ,=eign ,affairs & !
 ,committee on ,f9ancial ,s]vices ( !   
,h\se ( ,repres5tatives4