Sen. Cruz Reintroduces EL CHAPO Act
Bill funds border security, reserves billions in assets forfeited in the criminal prosecution of Joaquin Archivaldo Guzman Lorea “El Chapo” and other drug lords
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) today reintroduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act. The bill would reserve any amounts forfeited to the U.S. Government as a result of the criminal prosecution of “El Chapo” (formally named Joaquin Archivaldo Guzman Lorea) and other drug lords for border security assets and the completion of the wall along the U.S.-Mexico border.
“Congress has a clear mandate from the American people: secure the border and build the wall,” Sen. Cruz said. “Ensuring the safety and security of Texans is one of my top priorities. Indeed, I have long called for building a wall as a necessary step in defending our border. Fourteen billion dollars will go a long way to secure our southern border, and hinder the illegal flow of drugs, weapons, and individuals. By leveraging any criminally forfeited assets of El Chapo and other murderous drug lords, we can offset the cost of securing our border and make meaningful progress toward delivering on the promises made to the American people.”
Currently the U.S. Government is seeking the criminal forfeiture of more than $14 billion in drug proceeds and illicit profits from El Chapo, the former leader of the Sinaloa drug cartel who was extradited to the U.S. to face criminal prosecution for numerous alleged drug-related crimes, including conspiracy to commit murder and money laundering.
The full bill text may be viewed here.