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![handle is hein.congrecreports/crptxafje0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION
GP
118TH CONGRESS J REPT. 118-75
1st Session HOUSE OF REPRESENTATIVES Part 1
PREVENTING THE FINANCING OF ILLEGAL SYNTHETIC
DRUGS ACT
MAY 22, 2023.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. MCHENRY, from the Committee on Financial Services,
submitted the following
R E P O R T
[To accompany H.R. 1076]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1076) to require the Comptroller General of the United
States to carry out a study on the trafficking into the United States
of synthetic drugs, and related illicit finance, and for other pur-
poses, having considered the same, reports favorably thereon with
an amendment and recommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Preventing the Financing of Illegal Synthetic Drugs
Act.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) According to the Center for Disease Control and Prevention, over 107,000
people in the United States died from drug overdoses or drug poisonings in the
12-month period ending January 2022, with 67 percent of those deaths involv-
ing synthetic opioids like fentanyl.
(2) According to the United National Office of Drugs and Crime (UNODC) in
its Synthetic Drug Strategy 2021-2025, the number of synthetic drugs, also
called New Psychoactive Substances, has increased 631 percent since 2009, with
traffickers introducing an average of 80 new substances to the illicit drug mar-
ket each year from 2009-2019.
(3) In October 2022, F. Michael McDaniel, director of the Houston High Inten-
sity Drug Trafficking Areas (HITDA) program testified in Congress that one
kilogram of fentanyl can produce one million counterfeit pills containing one
milligram of fentanyl, saying, Currently in Houston, Texas, you can buy a kilo-
gram of fentanyl for an average price of $25,000 to $30,000. This same kilogram
of fentanyl in Culiacan (Mexico) could be purchased at an average price of
$13,500. Currently, the price of a fentanyl pill in Houston ranges from $6 to
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