Sen. Ted Cruz (R-Texas) introduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act today.
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,” the Senator’s press release states.
The United States government is currently seeking “the criminal forfeiture of more than $14 billion in drug proceeds and illicit profits from El Chapo.” The former Sinaloa drug cartel leader was recently extradited to the United States in order to face prosecution for several drug-related cases, including conspiracy to commit murder and money laundering.
The United States of Department of Justice announced on January 20, 2017, that El Chapo will face the charges listed above relating to his criminal activities between January 1989 and December 2014.
“Fourteen billion dollars will go a long way toward building a wall that will keep Americans safe and hinder the illegal flow of drugs, weapons, and individuals across our southern border,” Sen. Cruz said. “Ensuring the safety and security of Texans is one of my top priorities. We must also be mindful of the impact on the federal budget. By leveraging any criminally forfeited assets of El Chapo and his ilk, we can offset the wall’s cost and make meaningful progress toward achieving President Trump’s stated border security objectives,” the release concludes.