Bipartisan legislation aimed at stopping the flow of fentanyl and its precursors into the United States was recently introduced in the Senate, with the aim of holding Chinese entities accountable for exporting these drugs.
Sens. Jim Risch (R-Idaho) and Jeanne Shaheen (D-N.H.), chairman and ranking member of the Foreign Relations Committee respectively, introduced the Break Up Suspicious Transactions of Fentanyl Act on March 6. The legislation does not link to tariffs but aims to give the U.S. president more authority to impose sanctions on China’s state-owned or state-controlled entities, including financial institutions, for contributing to fentanyl trafficking.