What is it?
This bill — known as the EL CHAPO Act — would reserve any illegally obtained drug profits forfeited to the U.S. government by Joaquin Guzman Loera (aka El Chapo) for the construction of a wall on the U.S.-Mexico border and stopping the flow of narcotics into the U.S. It would also reserve other assets forfeited by convicted members of drug cartels for border wall construction and other security measures. The federal government is currently seeking the forfeiture of $14 billion from El Chapo.
The bill’s full title is the Ensuring Lawful Collection of Hidden Assets to Provide Order Act.
El Chapo and other convicted members of drug cartels who forfeit assets to the U.S. government; and the U.S. government.
A CBO cost estimate is unavailable.
In-Depth: Sponsoring Sen. Ted Cruz (R-TX) introduced this bill to use that any funds forfeited by El Chapo and other convicted members of drug cartels for building the border wall and stemming the flow of illegal drugs into the U.S.:
“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. 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.”
Summary by Eric Revell(Photo Credit: Sen. Ted Cruz’s Office)
EL CHAPO Act
A bill to reserve any amounts forfeited to the United States Government as a result of the criminal prosecution of Joaquin Archivaldo Guzman Loera (commonly known as "El Chapo"), or of other felony convictions involving the transportation of controlled substances into the United States, for security measures along the Southern border, including the completion of a border wall.