118-hr-1076118th Congress

Preventing the Financing of Illegal Synthetic Drugs Act

Sponsored By: Representative De La Cruz, Monica [R-TX-15]

Became Law

Summary

Directs the Comptroller General to study illicit financing tied to the trafficking of synthetic drugs, including fentanyl, methamphetamine, Captagon, and their precursors. The study must map the business of trafficking and related finance, including the roles of transnational criminal organizations and terror syndicates and notable source and transit corridors. It must analyze business models from precursor purchase or production through manufacture, marketing, distribution, sales, and return of proceeds. The study will examine overlaps with human trafficking, the use of online illicit drug markets and social media for marketing, sale, and payment, and financial methods such as payment systems, money laundering, and repatriation. It specifically calls out social apps like Snap Chat, Discord, and Facebook and payment apps like CashApp and asks the Comptroller General to review U.S. Government, intergovernmental, and private sector efforts and identify gaps or resource needs. The Comptroller General must report findings to Congress within one year.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Government study on synthetic drug financing

The law requires the Government Accountability Office to study how illegal synthetic drugs are financed. It covers fentanyl, methamphetamine, Captagon, related substances, and their precursors. The study reviews criminal groups and routes, supply-chain business models, and ties to human trafficking. It examines online drug markets, social media (like Snapchat, Discord, Facebook), payment apps (like Cash App), and money laundering. It also reviews current U.S. government efforts and any gaps. GAO must report its findings to Congress within one year of enactment.

Sponsors & CoSponsors

Sponsor

De La Cruz, Monica [R-TX-15]

TX • R

Cosponsors

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 2/17/2023

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 2/17/2023

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 2/28/2023

  • Rep. Chavez-DeRemer, Lori [R-OR-5]

    OR • R

    Sponsored 2/28/2023

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 5/22/2023

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 5/22/2023

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 5/22/2023

  • Rep. Perez, Marie Gluesenkamp [D-WA-3]

    WA • D

    Sponsored 5/22/2023

Roll Call Votes

All Roll Calls

Yes: 402 • No: 2

house vote • 5/22/2023

On Motion to Suspend the Rules and Pass, as Amended

Yes: 402 • No: 2

View on Congress.gov
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