Rothfus Supports Economic Growth Package that Includes his Bipartisan Anti-Drug and Human Trafficking Bill
WASHINGTON – Representative Keith Rothfus (PA-12) issued the following statement after the House passed S.488, the JOBS and Investor Confidence Act of 2018. The package included the text of the Vargas (D-CA)-Rothfus (R-PA) Fight Illicit Networks and Detect (FIND) Trafficking Act (H.R. 6069):
“Washington can unleash the economic potential of hardworking Pennsylvanians and all Americans, grow a healthier economy, and foster the creation of more jobs by taking some common-sense steps,” said Congressman Rothfus. “The JOBS and Investor Confidence Act of 2018 is a bipartisan collection of reforms that will help businesses access the capital they need to grow, hire, innovate, and invest. This bill also includes my bipartisan initiative, the FIND Trafficking Act, which will give us the tools to help combat human and drug trafficking and keep our communities safe. I look forward to working with my colleagues in the Senate to see this legislation signed into law.”
To watch Congressman Rothfus speak in support of the JOBS and Investor Confidence Act of 2018 on the House floor, click HERE. See below for transcript of remarks.
“I want to thank Chairman Hensarling and Ranking Member Waters, as well as members of the Financial Services Committee from both parties for their work on this important, bipartisan piece of legislation.
“Small and emerging businesses drive our economy, create jobs for American workers, and are at the forefront of technological change.
“We need to create the conditions where these ventures can access the capital they need to grow.
“This legislation builds upon the successes of the JOBS Act and JOBS 2.0.
“The JOBS and Investor Confidence Act includes reforms that will make it easier for the next Microsoft or Amazon, or the developer of the next life-saving treatment, to get off the ground.
“And when coupled with the pro-growth revisions of a revamped tax code, especially the Opportunity Zones program, this will bring capital to marginalized areas and create opportunity for all.
“This package also includes an important – and again bipartisan – bill that Congressman Vargas and I introduced.
“The FIND Trafficking Act directs the Comptroller of the Currency to study how virtual currencies can facilitate human trafficking.
“I thank the Chairman for including this bill in the package.
“I urge all of my colleagues to support the passage of the JOBS and Investor Confidence Act and I yield back.”
Background on the FIND Trafficking Act:
Virtual currencies can be used for legal purchases. The anonymity associated with virtual currencies, however, has led them to become a popular financial payment method for illicit activities. Specifically, they are a growing method of payment with illegal sex and drug trafficking, which are two of the most troubling illegal activities facilitated by online marketplaces and the dark web.
According to the Drug Enforcement Administration’s 2017 National Drug Assessment, transnational criminal organizations are increasingly using virtual currencies for illicit activities, including drug trafficking. It has also been reported that virtual currencies are being used to run illegal online marketplaces to sell drugs, including the opioid fentanyl, that contribute to the opioid crisis in America.
While evidence points to the growth of virtual currencies as a payment method for illicit sex and drug trafficking, the true scope of the problem and potential solutions have not been fully established. H.R. 6069 would study and analyze how virtual currencies and online marketplaces are used to facilitate sex and drug trafficking, and to determine how to fight these illicit activities.