El Chapo's Multibillion Dollar Net Worth Could Pay For Trump's Border Wall, Ted Cruz Says

After Mexican drug lord Joaquin "El Chapo" Guzman was found guilty of all 10 federal criminal counts against him on Tuesday, Texas Senator Ted Cruz urged fellow senators to pass a bill that would make him pay for President Donald Trump's proposed border wall.

"America's justice system prevailed today in convicting Joaquín Guzmán Loera, aka El Chapo, on all 10 counts," Cruz tweeted this afternoon. "U.S. prosecutors are seeking $14 billion in drug profits & other assets from El Chapo which should go towards funding our wall to #SecureTheBorder."

The senator added: "It's time to pass my EL CHAPO Act. I urge my Senate colleagues to take swift action on this crucial legislation."

It’s time to pass my EL CHAPO Act. I urge my Senate colleagues to take swift action on this crucial legislation. #SecureTheBorder --> https://t.co/SndC56CiYz pic.twitter.com/5LgBuBSE26

— Senator Ted Cruz (@SenTedCruz) February 12, 2019

Reintroduced by Cruz on January 3, the Ensuring Lawful Collection of Hidden Assets to Provide Order (El Chapo) Act would ensure all money forfeited to the U.S. government from the criminal prosecutions of Guzman and other drugs lords be used for the construction of a wall on the southern U.S.-Mexico border as well as other "border security assets."

"Congress has a clear mandate from the American people: Secure the border and build the wall," Cruz said in a statement at the time. "Ensuring the safety and security of Texans is one of my top priorities. Indeed, I have long called for building a wall as a necessary step in defending our border."

"Fourteen billion dollars will go a long way to secure our southern border, and hinder the illegal flow of drugs, weapons, and individuals," the senator added. "By leveraging any criminally forfeited assets of El Chapo and other murderous drug lords, we can offset the cost of securing our border and make meaningful progress toward delivering on the promises made to the American people."

The U.S. Government is reportedly seeking more than $14 billion in drug proceeds and illicit profits from Guzman, the former leader of the infamous Sinaloa drug cartel, as part of his criminal proceedings.

Cruz's comments come a day after congressional negotiators from both political parties agreed to less money for Trump's proposed border wall in order to avoid another government shutdown. The agreed-upon sum of nearly $1.4 billion is far less than the Trump administration's initial demand of $5.7 billion. Although it isn't clear whether the president will support the deal, some GOP congressional leaders remain hopeful.

"I can't say I'm happy. I can't say I'm thrilled," Trump reportedly said during a Cabinet meeting on Tuesday, without ruling the deal out completely.

Mexican drug trafficker Joaquin “El Chapo” Guzman is escorted by marines as he is presented to the press in Mexico City, on February 22, 2014. After Guzman was convicted on Tuesday, Texas Senator Ted Cruz said his billion-dollar fortune should go toward building Trump’s proposed border wall. Getty/Alfredo Estrella