ACCEPT Resolution

Bill: 117-sconres-18
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2021-11-01
Policy area: Congress
Latest action: action_date: 2021-11-01
text: Referred to the Committee on Rules and Administration. (text: CR S7540-7541)

Summaries:
action_date: 2021-11-01
action_desc: Introduced in Senate
text: <p><b>Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution or the ACCEPT Resolution</b></p> <p>This resolution requires the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to encourage Capitol gift shops to accept cryptocurrency and to enter into contracts with vendors that accept cryptocurrency to provide food service and vending machines in the Capitol.</p>

tv_txt: III 117th CONGRESS 1st Session S. CON. RES. 18 IN THE SENATE OF THE UNITED STATES November 1, 2021 Mr. Cruz submitted the following concurrent resolution; which was referred to the Committee on Rules and Administration CONCURRENT RESOLUTION Requiring the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to contract with food service contractors and vending machine contractors for the Capitol Complex that accept cryptocurrency, and for other purposes.

1. Short title This resolution may be cited as the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution or the ACCEPT Resolution . 2. Accepting of cryptocurrency at res­tau­rants, vending machines, and gift shops in the Capitol Complex (a) Definitions In this section— (1) the term Capitol Buildings means the Capitol Buildings described in section 5101 of title 40, United States Code; and (2) the term digital asset means a natively electronic asset that— (A) is recorded on a cryptographically secured distributed ledger; and (B) is designed to confer only economic or access rights. (b) Acceptance of cryptocurrency The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives shall each, for the Capitol Buildings that are under their jurisdiction— (1) subject to subsection (c), solicit and enter into contracts to provide food service and vending machines in such Capitol Buildings with persons that will accept digital assets as payment for goods; and (2) encourage the gift shops in such Capitol Buildings to accept digital assets as payment for goods. (c) Additional considerations The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives may not enter into contracts described in subsection (b)(1) if the Architect of the Capitol, in consultation with the Secretary of the Senate and the Chief Administrative Officer of the House, reports to the Committee on Rules and Administration of the Senate and the Committee on House Administration of the House of Representatives that entering into such contracts would preclude the selection of alternatives that are cost-effective and value-centered for patrons.