Foster introduces bipartisan legislation to stop financing of criminal organizations

Foster introduces bipartisan legislation to stop financing of criminal organizations
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Foster introduces bipartisan legislation to stop financing of criminal organizations

Congressman Bill Foster (D-IL) and Congressman David Kustoff (R-TN) on Wednesday introduced H.R. 1387, the Criminal Organizations’ Narcotics, Finances, Resources, Operations, and Networks Targeting (CONFRONT) Act. The CONFRONT Act would require the Treasury Department to develop a national strategy to combat the financial crimes of transnational criminal organizations and individuals.

“Transnational criminal organizations thrive on the illicit revenue they generate from activities like money laundering, cyber crime, human trafficking, and drug trafficking,” Congressman Foster said.

“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.”

Bill Foster Democrat 11th District Illinois

Bill Foster Democrat 11th District Illinois

“We have allowed transnational criminal organizations to continue to use their illicit businesses to grow their wealth and threaten communities around the nation,” said Congressman Kustoff.

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“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.”

The United Nations Office on Drugs and Crime estimates that transnational crime organizations generate a total of $870 billion each year.

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Ray Hanania

Ray Hanania is an award-winning columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.  

Hanania also writes about Middle East issues for the Arab News, and The Arab Daily News criticizing government policies in the Israeli-Palestinian conflict.

A critic of mainstream news media bias, Hanania advocates for peace & justice for Israel & Palestine, & the empowerment of Arabs in America. 

Click here to listen to Ray's Political Podcast. 

Hanania's columns are archived on his personal website at RayHanania.com. Hanania was named "Best Ethnic American Columnist" by the New America Media in November 2007, and is the 2009 recipient of the SPJ National Sigma Delta Chi Award for column writing.

Email Ray Hanania at rghanania@gmail.com.
Ray Hanania

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