Phoenix/ Politics & Govt
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Published on April 22, 2024
Rep. Gallego's 'Buck Stops Here Act' Passes House, Targets Arizona's Fentanyl Crisis with Financial CrackdownSource: Wikipedia/US House Office of Photography, Public domain, via Wikimedia Commons

In a decisive move against the fentanyl crisis plaguing Arizona, the House of Representatives has given the green light to Rep. Ruben Gallego's "Buck Stops Here Act." Riding on an overwhelming bipartisan wave, the bill aims to disarm the financial underbelly of the fentanyl drug trade. As part of the comprehensive 21st Century Peace Through Strength Act, Gallego's legislation stands out as a targeted strike against fentanyl money launderers, aiming to cut off their financial lifelines.

"Fentanyl poses one of the greatest threats to our national security – killing thousands of Arizonans each year," Gallego stated. While innocent lives are lost, financial institutions implicated in the facilitation of this deadly trade have been profiting. Included in the broader act, Gallego's "Buck Stops Here Act" has now set the stage for forward momentum in the Senate, aiming to take the fight to the wallets of traffickers. As reported on the lawmaker's official campaign website, the bill has garnered significant support in the House.

The buck is set to stop at the doors of rogue financial institutions with the new legislation, enabling the U.S. Treasury’s Financial Crimes Enforcement Network to flag these entities as primary money laundering concerns tied to illicit fentanyl trafficking. This move mirrors the successful application of Section 9714 Authority, previously used in 2021 to root out Russian money laundering operations, now redirected to choke the financial channels fueling the fentanyl epidemic.

The breadth of fentanyl's impact is vast, threatening American communities with an epidemic. Rep. Gallego's bill narrows that impact by targeting the shadowy financial networks sustaining this crisis. By disrupting the fentanyl supply chain, the legislation represents a keystone in a broader strategy to tackle a scourge that has inflicted profound loss on the state of Arizona and the nation at large.