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Federal

ACCEPT Resolution

Source: Congress.gov  ·  544 words in original text
This resolution requires three Capitol officials to contract with food service and vending machine companies that accept cryptocurrency (digital currency that operates on a secure computer network) as payment in the Capitol Buildings. The bill also encourages gift shops in the Capitol to accept these digital payments.
The Architect of the Capitol, the Secretary of the Senate, the Chief Administrative Officer of the House of Representatives, food service contractors, vending machine contractors, gift shop operators, and people who work or visit the Capitol Buildings.
• The Architect of the Capitol, Secretary of the Senate, and Chief Administrative Officer of the House must seek out and sign contracts with food service and vending machine companies that will accept digital assets as payment (Sec. 2(b)(1)) • The same three officials should encourage gift shops in the Capitol Buildings to accept digital assets as payment (Sec. 2(b)(2)) • The officials cannot enter these contracts if the Architect of the Capitol, after discussing it with the other two officials, reports to Congress that accepting cryptocurrency would prevent choosing options that are cost-effective and offer good value to customers (Sec. 2(c))
Food and vending services in the Capitol Buildings would be required to accept cryptocurrency as a payment method, assuming cost and value concerns do not prevent it.
"Digital asset" means electronic money or currency recorded on a secured computer network designed only to give economic or access rights.
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.