Ted Cruz introduces 'El Chapo' Act to fund border wall

(Photo Courtesy: Gage Skidmore / CC BY-SA 2.0)

Tuesday, Republican Senator Ted Cruz introduced the "Ensuring Lawful Collection of Hidden Assets to Provide Order Act", referred to as "El Chapo" Act.

The proposed legislation would reserve all assets seized from notorious drug lords such as El Chapo, to pay for improving security along the border and for the completion of the U.S-Mexico wall.

U.S. prosecutors are seeking more than $14 billion in drug proceeds and illicit profits from El Chapo.

“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,” said Sen. Cruz. “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.”

In January, the former leader of the Sinaloa drug cartel was extradited to the U.S.

El Chapo is now facing criminal prosecution for several alleged drug-related crimes, including conspiracy to commit murder and money laundering.

To read the bill, CLICK HERE.

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