MUST WATCH: Ted Cruz Gives EPIC Explanation Of The ‘El Chapo’ Act
The El Chapo Act would take funds seized from El Chapo when he was arrested and use them to pay for Trump's border wall. Ted Cruz lays it out step by step.
Earlier this week, Ted Cruz sat down with The Daily Caller to further discuss his brilliant idea to fund the wall with “The El Chapo Act”. This piece of legislation would use the $14 billion seized from El Chapo’s assets to build the wall on the southern border.
As the Daily Caller points out, the bill would designate any money and assets seized from notorious gangster Joaquín “El Chapo” Guzmán and allocate them for the construction of the border wall. El Chapo was extradited to the U.S. in 2017 to face charges related to running one of the most notorious drug cartels in the world.
For reference, President Donald Trump is only asking for $5.7 billion for the construction of a southern border wall.
How to Fund the Border Wall.
As Breitbart reports, the El Chapo Act appears to be the simplest way to get the money without using any taxpayer dollars.
“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,” Cruz stated.
“Ensuring the safety and security of Texans is one of my top priorities,” he added.
Cruz said using criminally forfeited assets from El Chapo and other Mexican cartel members and drug dealers can “offset the wall’s cost and make meaningful progress toward achieving President Trump’s stated border security objectives.”
“The U.S. Government is currently 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 recently extradited to the U.S. to face criminal prosecution for numerous alleged drug-related crimes, including conspiracy to commit murder and money laundering,” Cruz added.
The EL CHAPO Act is the second piece of legislation that Cruz has introduced this month to allocate billions in funding for the border wall.
Earlier this month, he introduced the WALL Act, which would give $25 billion toward the border wall.