Summary of Bill S 1048
Bill 118 s 1048, also known as the Ending the NARCOS Act of 2023, is a piece of legislation introduced in the US Congress with the aim of combating drug trafficking and organized crime. The bill focuses on targeting the financial networks that support these criminal activities, specifically those related to drug cartels.
The main provisions of the bill include increasing penalties for individuals and entities found to be providing financial support to drug trafficking organizations. This includes harsher punishments for money laundering, illicit financial transactions, and other activities that facilitate the flow of funds to these criminal groups.
Additionally, the Ending the NARCOS Act of 2023 seeks to enhance cooperation between law enforcement agencies at the federal, state, and local levels in order to more effectively investigate and prosecute individuals involved in drug trafficking and organized crime. The bill also includes provisions for increased funding for drug interdiction efforts, as well as support for programs aimed at preventing drug abuse and addiction.
Overall, the Ending the NARCOS Act of 2023 is a comprehensive piece of legislation designed to address the root causes of drug trafficking and organized crime by targeting the financial networks that sustain these illegal activities. If passed, this bill has the potential to significantly disrupt the operations of drug cartels and other criminal organizations, ultimately leading to a safer and more secure society for all Americans.
Congressional Summary of S 1048
Ending the Notorious, Aggressive, and Remorseless Criminal Organizations and Syndicates Act of 2023 or the Ending the NARCOS Act of 2023
This bill designates nine specified drug cartels as foreign terrorist organizations. (Among other things, such a designation allows the Department of the Treasury to require financial institutions to block transactions involving the organization.)
The bill also requires the Office of the Director of National Intelligence to establish an interagency task force on combating Mexican cartels and other transnational criminal organizations.