H.R. 10138
CCP Fentanyl Sanctions Act
Summary:
• Authorizes the President to impose sanctions (blocking property and transactions) on foreign persons connected to the production and distribution of illicit synthetic narcotics tied to the People's Republic of China, including Hong Kong and Macau
• Codifies existing sanctions from Executive Order 14059 on foreign persons involved in the global illicit drug trade, ensuring they remain in effect
• Allows the Secretary of the Treasury to prohibit or impose strict conditions on correspondent or payable-through accounts in the U.S. held by foreign financial institutions that knowingly facilitate transactions for sanctioned persons
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• Codifies existing sanctions from Executive Order 14059 on foreign persons involved in the global illicit drug trade, ensuring they remain in effect
• Allows the Secretary of the Treasury to prohibit or impose strict conditions on correspondent or payable-through accounts in the U.S. held by foreign financial institutions that knowingly facilitate transactions for sanctioned persons
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