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Rep. Kustoff Introduces Bill to Combat the Financial Networks of Drug Cartel Operations

February 27, 2019
Press Release

Washington, D.C.—February 27, 2019—U.S. Representative David Kustoff (TN-08), a member of the House Financial Services Committee (FSC), today introduced the Criminal Organizations’ Narcotics, Finances, Resources, Operations, and Networks Targeting (CONFRONT) Act, H.R. 1387. The CONFRONT Act would require the President, in collaboration with the Treasury Secretary, to develop a national strategy to combat the financial networks of transnational criminal organizations (TCOs).

“We have allowed transnational criminal organizations to continue using their illicit businesses to grow their wealth and threaten communities across the nation,” said Congressman Kustoff.  “From activities such as drug and human trafficking to cybercrimes, these organizations are able to launder large sums of illicit money through our financial networks. We must continue to give our law enforcement and intelligence community the resources they need to combat these organizations by tracking down their finances at the source.”

Congressman Kustoff introduced this bipartisan legislation alongside FSC colleague, Representative Bill Foster (IL-11).

“Transnational criminal organizations thrive on the illicit revenue they generate from activities like money laundering, cybercrime, human trafficking, and drug trafficking,” said Congressman Foster. “Hundreds of billions of dollars of illicit money flows through worldwide financial systems each year, and we need a better strategy for our law enforcement and intelligence agencies to track the funds. This bipartisan legislation is an important step in modernizing our nation’s ability to confront these dangerous criminal organizations.”

TCOs and drug cartel activities have spread throughout the U.S. and contributed to the worsening of the heroin and opioid epidemic. Through these illicit activities, many communities have experienced a wave of violence, addiction, and overdose that has placed extreme burdens on local, state, and federal law enforcement.

Similar legislation was introduced in the 115th Congress and was passed unanimously by the House of Representatives.