1 week ago

Bipartisan US Bill Targets Chinese Networks Over Fentanyl Flow

Bipartisan US Bill Targets Chinese Networks Over Fentanyl Flow
US Congressman Ro Khanna backs China fentanyl sanctions · thehansindia.com

Four US lawmakers want stronger penalties for groups in China linked to illegal fentanyl trafficking.

Their bill is called the CCP Fentanyl Sanctions Act.

It would target chemical companies, online sellers, ships, ports and financial networks.

The bill focuses on groups that knowingly or recklessly help make, sell or move fentanyl or its ingredients.

It could also restrict some foreign bank accounts used for drug-related transactions.

The lawmakers say fentanyl has badly harmed American communities.

They cited allegations that Chinese government-linked entities subsidized fentanyl precursor production.

No specific companies or banks would be sanctioned immediately under the bill.

Future sanctions would depend on findings by the president or US agencies.

Key facts

Bill
CCP Fentanyl Sanctions Act
Sponsors
Ro Khanna, John Moolenaar, Dan Newhouse and Jake Auchincloss
Potential targets
Chinese chemical manufacturers, online vendors, ports, vessels and financial networks
Conduct covered
Knowingly or recklessly producing, selling, transporting or financially facilitating illicit synthetic narcotics
Financial measures
The president could restrict certain correspondent and payable-through accounts used to facilitate trafficking transactions
Existing authority
The bill would codify and expand sanctions authorities established by Executive Order 14059
Immediate sanctions
The lawmakers did not identify particular companies, vessels, ports, marketplaces or financial institutions for immediate sanctions

Quotes

John Moolenaar

Republican congressman and chairman of the House Select Committee on China

“I’m proud to join Rep. Auchincloss’ bipartisan effort to hold the networks responsible accountable. We must stop the flow of fentanyl and illicit precursors into our country and protect American families.”
thehansindia.com
“The Chinese Communist Party has long had a role in facilitating the fentanyl crisis that has killed hundreds of thousands of Americans.”
thehansindia.com

Sources

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