Sec. 222. Expanding financial sanctions on narcotics trafficking and money laundering
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Congress finds the following: In July 2011, President Obama released Strategy to Combat Transnational Organized Crime , which articulates a multidimensional response to combat transnational organized crime, including drug trafficking networks, armed criminal gangs, and money laundering. The Strategy calls for expanded efforts to dismantle illicit financial networks, including through maximizing the use of the Foreign Narcotics Kingpin Designation Act ( 21 U.S.C. 1901 et seq. ).
It is the sense of Congress that the Senate should immediately confirm pending nominations to key national security positions, including Mr. Adam Szubin, who was nominated by President Obama on April 16, 2015, to the position of Undersecretary for Terrorism and Financial Crimes within the Department of the Treasury, a critical position focused on identifying and confronting illicit financial networks. The Secretary of the Treasury, the Attorney General, the Secretary of State, the Secretary of Defense, and the Director of Central Intelligence shall expand investigations, intelligence collection, and analysis pursuant to the Foreign Narcotics Kingpin Designation Act to increase the identification and application of sanctions against— significant foreign narcotics traffickers, their organizations and networks; and the foreign persons who provide material, financial, or technological support to such traffickers, organizations, and networks.
The efforts described in paragraph
(1)shall specifically target foreign narcotics traffickers, their organizations and networks, and the foreign persons who provide material, financial, or technological support to such traffickers, organizations and networks that are present and operating in Central or South America. There are authorized to be appropriated such sums as may be necessary to carry out subsection (c).
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Sec. 222
Expanding financial sanctions on narcotics trafficking and money laundering
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