FILE - The Treasury Building is viewed in Washington, May 4, 2021. Treasury is facing increasing pressure to use its sanctions powers against the people, financial institutions and companies that have participated in the explosion of fentanyl use and distribution in the U.S. Treasury has imposed some sanctions on fentanyl producers and traffickers in recent years – Over the past year, the U.S.
Mexico and China are the primary source countries for fentanyl and fentanyl-related substances trafficked directly into the U.S., according to the Drug Enforcement Administration, which is tasked with combating illicit drug trafficking. Nearly all the precursor chemicals that are needed to make fentanyl are coming from China.
. China officially suspended its counternarcotic and law enforcement cooperation with the U.S. last August.on fentanyl producers and traffickers in recent years — and as recently as this month issued a set of sanctions on a group of Mexican and Chinese fentanyl distributors. But with the number of overdose deaths exploding in recent years, there are calls for more action, including a national emergency declaration similar to the one at the start of the COVID-19 pandemic.
Declaring international fentanyl trafficking a national emergency, the legislation would require Treasury to sanction drug cartels It also would impose reporting requirements and enable the president to confiscate sanctioned property of fentanyl traffickers to use for law enforcement efforts.
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