Tuesday, February 12, 2019

"The Chapo Act" if passed would use Chapo's money to pay for "The Wall"

Chivis Martinez Borderland Beat material from AP and Twitter




In 2017, as Chapo was still awaiting trial, Texas Senator Ted Cruz proposed the idea to “make Chapo pay for the wall’.
On January 3rd Cruz reintroduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act.  the idea he calls “El Chapo Act.

Cruz urges the Senate to pass the bill so that $14 Billion in Chapo’s seized dirty money,  is used to finance border security, which includes the wall.

President Trump has asked for  $5.7 Billion toward construction of a border wall/barrier.

Subsequent to the verdict, Cruz tweeted; “America’s justice system prevailed today in convicting Joaquín Guzmán Loera, aka El Chapo, on all 10 counts.”

‘El Chapo’ is the acronym for the bill’s title, standing  for Ensuring Lawful Collection of Hidden Assets to Provide Order.

The proposed bill, calls for the U.S. to seek 14 Billon from Chapo, but also other narcos, to cover the cost of border security.


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

January 3, 2019   |  202-228-7561

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.


With all the investigation by the government, they have yet seized any assets from Chapo.